Tiger Brokers

BUZZ-Lantheus Holdings rises after it announces $250 mln share repurchase program

Reuters
Nov 21, 2024

** Medical diagnostics co Lantheus Holdings' shares up ~7.1% at $85.05

** LNTH announces a program to repurchase up to $250 mln of its common shares during the next 12 months

** The timing, number and dollar amount of repurchase transaction will be at management's discretion

** "We intend to commence repurchases in the fourth quarter of this year and opportunistically return capital to shareholders over the next twelve months," said CEO Brian Markison

** 11 of 12 brokerages rate the stock "buy" or higher, 1 "hold"; their median PT is $135 — data compiled by LSEG

** Including session's moves, stock up ~37% YTD

(Reporting by Prakhar Srivastava in Bengaluru)

((Prakhar.srivastava2@thomsonreuters.com))

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