Jefferies & Company, Inc. Upgrades Warner Chilcott Ltd. (WCRX) To Buy Rating

Analysts David Windley and Andrew Hilgenbrink at Jefferies & Company, Inc. have upgraded Warner Chilcott Ltd. (NASDAQ: WCRX) from Hold to Buy rating. The company's management efficient operation continues to drive upsides. As a result, the 2010 guidance looks conservative, according to analysts. Analysts believe that the company’s longer term outlook depends on successful approval of and switch to line extensions.

Analysts at Jefferies & Company, Inc. have raised their 2010 and 2011 EPS estimates for Warner Chilcott Ltd. to $3.46 and $3.59, respectively. The price target for the company has been raised from $26.50 to $30.