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institutional investors increase stakes in charles river laboratories amid mixed analyst ratings

Wellington Management Group LLP significantly increased its stake in Charles River Laboratories International, now owning 3,740,768 shares valued at $736.8 million. Other institutional investors, including State Street Corp and Allspring Global Investments, also raised their holdings. Despite these investments, analysts maintain a "Hold" rating on the stock, with a current price target of $185, down from $250. The company reported earnings of $2.59 per share, exceeding expectations, but revenue declined 1.6% year-over-year.
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