Avantor Analysts Cut Their Forecasts After Q1 Results
1. Avantor reported Q1 earnings in line with expectations but missed sales estimates. 2. Lab Solutions revenue declined due to reduced demand from Education and Government sectors. 3. CEO Michael Stubblefield plans to step down, initiating a search for a successor. 4. Analysts lowered price targets following the earnings report, reflecting concerns over growth. 5. AVTR shares fell 16.6% to close at $12.93 due to market reactions.