Analysts are Cutting Price Targets of These 5 Stocks

4. Avantor, Inc. (NYSE:AVTR)

Number of Hedge Fund Holders: 44  

Avantor, Inc. (NYSE:AVTR) had announced in September that it would be acquiring the Masterflex bioprocessing business of Antylia Scientific in a deal worth $2.9 billion. The firm afterwards announced a $750 million equity offering to fund the purchase. It is placed fourth on our list of 10 stocks that analysts are cutting price targets of. Preliminary earnings for the third quarter indicate the revenue over the period will be in line with consensus estimates. 

Investment bank Cowen kept an Outperform rating on Avantor, Inc. (NYSE:AVTR) stock on October 14 but lowered the price target to $47 from $62. The coverage was transferred to analyst Dan Brennan at the advisory. 

Out of the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Viking Global is a leading shareholder in Avantor, Inc. (NYSE:AVTR) with 11.7 million shares worth more than $416 million.