Analogic (ALOG) Target Raised to $105 at Benchmark

October 21, 2013 11:39 AM EDT Send to a Friend
Get Alerts ALOG Hot Sheet
Price: $86.41 +1.08%

Rating Summary:
    1 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 23 | New: 21
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Benchmark maintained a Buy rating on Analogic Corporation (NASDAQ: ALOG) and raised its price target to $105.00 (from $89.00). Analyst Jan Wald thinks the stock deserves more attention.

"Benchmark went on the road with Analogic in Boston last Thursday. We came away from the meetings believing investors more clearly understood the growth potential at the company, that the company was not just another OEM supplier, how its expertise in transducers and acoustic design can lead to cross-fertilization and innovation at the company, and the importance of China for the company's
strategic objectives," said Wald.

"We believe the Analogic story deserves more attention from investors, especially those that looked at the company over five years ago and tucked their thoughts about it into the back of their minds. There have been significant changes over the past five years that we believe are worth another look," he added.

For an analyst ratings summary and ratings history on Analogic Corporation click here. For more ratings news on Analogic Corporation click here.

Shares of Analogic Corporation closed at $93.73 yesterday.

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