Canaccord Genuity maintains a 'Buy' on TranS1 Inc (TSON); View 2012 as Transitional Year After Weak Qtr

March 9, 2012 10:13 AM EST
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Price: $2.06 --0%

Rating Summary:
    7 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 3 | New: 2
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Canaccord Genuity maintains a 'Buy' on TranS1 Inc (NASDAQ: TSON) price target of $5.50.

Analyst, William J. Plovanic, said, "We maintain our rating on TranS1 following a weak Q4/11. Procedures and active surgeons declined in the quarter as expected. However, we believe 2012 will be a year of transition for TranS1 as it prepares for its Level I CPT code to become active in 2013. Additionally we believe the company will continue to gain incremental positive reimbursement decisions repositioning the company for growth in2013 and beyond."

For an analyst ratings summary and ratings history on TranS1 Inc click here. For more ratings news on TranS1 Inc click here.

Shares of TranS1 Inc closed at $3.61 yesterday.

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