UPDATE: JP Morgan Raises PT on Perrigo from $82 to $88

J.P. Morgan has published a research report on Perrigo Company (NASDAQ: PRGO), raising the price target by $6.

In the report, J.P. Morgan wrote, "We are modestly increasing our sales and EPS stimates following Perrigo's FY4Q/11 results and FY2012 guidance. The company reported a relatively in-line quarter but more importantly provided better-than-expected FY2012 top-line guidance that calls for 15-18% growth."

J.P. Morgan rated Perrigo a Neutral with a price target raised from $82.00 to $88.00. Perrigo closed Tuesday at $89.56.