Benzinga
RBC Capital Markets has initiated coverage on Repligen Corporation (NASDAQ: RGEN) with a Sector Perform rating and a price target of $190. The analyst likes the company due to product differentiation in some of the fastest-growing areas of biopharma. But RBC is hesitant towards the stock due to the 12.7x sales multiple, lack of operational earnings beats, declining gross margins, and low absolute R&D investment relative to larger companies in the space. Related: Repligen Beefs Up Process Analyti