Brooks Automation (BRKS) Tops Q2 EPS by 11c; Guides Q3 Above Views
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Brooks Automation Inc. (BRKS) PT Raised to $130 at Needham & Company
May 11, 2021 6:33 AM EDTNeedham & Company analyst Stephen Unger raised the price target on Brooks Automation Inc. (NASDAQ: BRKS) to $130.00 (from $110.00) while maintaining a Buy rating.
The analyst commented, "BRKS F2Q21 revenue and EPS beat consensus and management provided F3Q21 financial guidance that was above consensus.... More
Brooks Automation (BRKS) To Separate Into Two Independent Publicly Traded Companies
May 10, 2021 4:03 PM EDTBrooks Automation, Inc. ("Brooks") (Nasdaq: BRKS) today announced its intention to separate its business into two independent, and publicly-traded companies.
The transaction is intended to be structured as a pro-rata distribution of shares to Brooks shareholders in a tax-efficient manner and will establish:
A pure-play life sciences company with market-leading sample-based solutions and genomics services. The company will be renamed before the separation is completed to reflect its strategic focus. This business generated revenue of $449 million in the twelve months ending March 31, 2021.A highly innovative automation technology company... More