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Research Alert: Bio-rad Laboratories Rallies On Wsj Report Of Elliott Management Stake

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Shares rallied on a WSJ report that activist firm Elliott Management owns a meaningful stake in BIO, though the specific ownership level remains undisclosed. Elliott has made multiple high-profile U.S. health care investments, including Medtronic, Charles River Laboratories, DexCom, and Catalent. The activist firm also holds a stake in German health care firm Sartorius, of which BIO owns 38% of outstanding common shares. We recently downgraded our view on BIO to Sell from Hold. The company reduced revenue and margin expectations during Q1 2026 earnings due to headwinds from the ongoing U.S.-Iran conflict, including weaker diagnostics sales and higher freight costs. We think the near-term operating environment for BIO and peers remains highly challenging, with ongoing weakness in key end markets such as academia and smaller biotech continuing to pressure performance.

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