Perrigo behind the label: positive sales, modernization efforts pace 26% stock rise.
This article was originally published in The Tan Sheet
Executive Summary
PERRIGO STOCK UP 26%, PACED BY POSITIVE SALES, SYSTEMS MODERNIZATION efforts in the third quarter. The largest U.S. private labeler of OTCs and H&BAs saw its stock price rise 3-1/4 points in the three-month period to 15-3/4. Perrigo helped stabilize the consumer products segment of "The Tan Sheet" Quarterly Index, which was flat due predominantly to a decline by its most heavily weighted component, Procter & Gamble (off 2.2% to 69-1/16)