Lantheus Holdings rises after it announces $250 mln share repurchase program

Lantheus Holdings

20/11/2024 17:59

** Medical diagnostics co Lantheus Holdings'  LNTH.O  shares
up ~7.1% at $85.05
    ** LNTH announces a program to repurchase up to $250 mln of
its common shares during the next 12 months 
    ** The timing, number and dollar amount of repurchase
transaction will be at management's discretion
    ** "We intend to commence repurchases in the fourth quarter
of this year and opportunistically return capital to
shareholders over the next twelve months," said CEO Brian
Markison
    ** 11 of 12 brokerages rate the stock "buy" or higher, 1
"hold"; their median PT is $135 — data compiled by LSEG
    ** Including session's moves, stock up ~37% YTD

 (Reporting by Prakhar Srivastava in Bengaluru)
 ((Prakhar.srivastava2@thomsonreuters.com))