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Perrigo Gains Most in 3 Months on UBS ‘Buy’ Rating

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Dec. 5 (Bloomberg) -- Perrigo Inc. climbed the most since September as the manufacturer of over-the-counter pharmaceuticals was rated “buy” in new coverage at UBS AG.

The shares rose 4.8 percent, the most since Sept. 15, to 234.5 shekels at the 4:30 p.m. close in Tel Aviv.

UBS set a share-price estimate of $72. The shares gained 2 percent to $64.12 in U.S. trading on Dec. 3.

To contact the reporter on this story: Claudia Maedler in Dubai at cmaedler@bloomberg.net

To contact the editor responsible for this story: Shanthy Nambiar at snambiar1@bloomberg.net

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