Will This Coverage Initiation Help PerkinElmer (PKI) Stock Today?

NEW YORK (TheStreet) -- Stifel Nicolaus initiated coverage on PerkinElmer  (PKI) to "buy" and set a $53 price target. The firm said organic growth should begin to rebound in the second half.

The stock closed at $44.65 on Monday.

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PKI Chart PKI data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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