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Charles River Laboratories beat earnings estimates, but its stock rose despite a negative margin and mixed analyst sentiment.
JPMorgan raised Charles River Laboratories' price target to $190 from $165, maintaining a "neutral" rating, as the stock rose to $197.28 amid strong quarterly earnings of $2.43 per share, beating estimates by $0.11, and $1 billion in revenue, slightly above expectations despite a 0.5% year-over-year decline.
The company posted a negative net margin of 2.07% and a price-to-earnings ratio of -126.37, with analysts forecasting $9.36 EPS for the year.
A consensus "Moderate Buy" rating and a $194.07 average target reflect mixed sentiment, while institutional ownership remains high at 98.91%.
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Charles River Laboratories superó las estimaciones de ganancias, pero sus acciones subieron a pesar de un margen negativo y sentimiento mixto de analistas.