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PKI - PerkinElmer Inc News Story

$139 1.5  1.1%

Last Trade - 2:56pm

Sector
Healthcare
Size
Large Cap
Market Cap £11.10bn
Enterprise Value £12.24bn
Revenue £3.31bn
Position in Universe 728th / 6854

BUZZ-Macros for medtech sector favorable- Evercore

Wed 7th April, 2021 12:14pm
** Evercore ISI says macroeconomic background for the
medtech sector should be favorable 
    ** Says conservative outlook and procedure rebounds make
numbers achievable; expects Q1 results to come in line with
forecast
    ** However, expects procedure volumes to remain challenged
in Q1, but Q2 should see procedures come back to pre-pandemic
levels; industry sources suggest March volume at 70%-80% of
pre-COVID levels
    ** Says point-of-care COVID-19 antigen tests could have a
role in re-opening the economy; positive for Abbott Laboratories
 ABT.N , OraSure Technologies  OSUR.O  and PerkinElmer Inc
 PKI.N  
    ** Says bioprocessing business is accelerating, which bodes
well for Thermo Fisher Scientific  TMO.N  and Danaher Corp
 DHR.N  
    ** New Biden stimulus plan could be an upside- Evercore
    ** ABT, OSUR, PKI, TMO and DHR up between 4% and 76% in last
12 months

 (Reporting by Trisha Roy in Bengaluru)
 ((Trisha.Roy@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 6182 3635;))
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