Charles River Laboratories: Changing Economics Reduces Compounding Ability (Rating Downgrade)
Charles River(CRL) Seeking Alpha·2024-08-15 18:31
I I F ■ F Matteo Colombo Investment update Following my last publication on Charles River Laboratories International, Inc. (NYSE:CRL) in May, the business is -3% to the downside and after its Q2 FY'24 numbers, I've revised my rating on the company to a hold for reasons outlined in this note. Critically, my view in May was formed on a potential turnaround in the economic situation of the business, along with operating growth that required very little incremental capital to produce. On reflection, this may ha ...