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PRGO - Perrigo Company Has Strong Upside Potential Even In Times Of Uncertainty
Perrigo Company plc
Perrigo Company (NYSE: PRGO) has roughly 34% upside potential from current trading levels ($52.30). During this uncertain time, given the COVID-19 pandemic, it is important for consumers to have OTC medicine available to them. Because of this, I have a Buy recommendation on PRGO with a price target at $70. I have also priced in roughly 14% to the downside, where the stock would be trading at $45. During the COVID-19 market selloff, the stock hit lows around $40, but I believe the true low end of trading for PRGO is better around $45.