Following the investor meeting with the Mallinckrodt PLC MNK management, BMO Capital Markets analyst Gary Nachman said the shares of the company are undervalued. BMO Capital Markets reiterated its Outperform rating on the shares of Mallinckrodt and its $65 price target, given its strong earnings power and free cash flow yield. Nachman said the tone of the meetings was very constructive, as management expressed confidence in the durability of the portfolio and that the company's emerging pipeline will help support growth a few years out. The analyst also said management is always considering ways to try and unlock shareholder value. viaStochastics are oversold. The shares will break out the narrow falling channel, so there is a good upside potential. $MNK, Mallinckrodt plc / D