Canaccord Genuity Maintains a 'Buy' on Alphatec Holdings (ATEC); 2012 Year of Transition as Q1 Misses

May 9, 2012 9:33 AM EDT
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Price: $3.55 --0%

Rating Summary:
    4 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

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Canaccord Genuity maintains a 'Buy' on Alphatec Holdings (NASDAQ: ATEC) price target of $3.50.

Analyst, William J. Plovanic, said, "We believe 2012 represents a transitional year for the company given the senior management team changes and operational improvement initiatives. While we no longer expect upside to current guidance, we believe the company’s valuation is very low by historical med-tech standards and as a result maintain our BUY rating."

For an analyst ratings summary and ratings history on Alphatec Holdings click here. For more ratings news on Alphatec Holdings click here.

Shares of Alphatec Holdings closed at $2.15 yesterday.

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