Credit Suisse Starts Abaxis Inc. (ABAX) at Underperform

Credit Suisse initiates coverage on Abaxis Inc. (NASDAQ: ABAX) with a Underperform rating and a price target of $39.00.

Analyst E. Wilson commented, "We Are Initiating Coverage of ABAX with an Underperform Rating and a $39 Target Price: In our view, slowing near-term revenue growth with the anniversary of several one-time factors, intensifying competition, and diminishing contributions from new distribution relationships does not bode well for expected EPS growth."

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

Shares of Abaxis Inc. closed at $42.42 yesterday.

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