Jefferies Trims Price Target on OraSure Technologies (OSUR)

February 7, 2013 3:28 PM EST
Get Alerts OSUR Hot Sheet
Price: $8.86 --0%

Rating Summary:
    12 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Yesterday OraSure Technologies, Inc. (NASDAQ: OSUR) reported Q4 EPS of ($0.11), $0.03 better than the analyst estimate of ($0.14). OraSure also announced guidance that was below consensus. In response, Jefferies today maintained a Buy rating on OraSure Technologies but trimmed its price target to $12.00 (from $13.00).

"While its 1Q13 revenue outlook lagged expectations (-9%), such a shortfall is not related to tempered expectations surrounding new product launches. We are trimming our price target to $12 (from $13) on lower base business expectations, but our 2013 revenue forecasts for the US HCV & OTC HIV products are unchanged," said analyst Jon Wood.

For an analyst ratings summary and ratings history on OraSure Technologies (NASDAQ: OSUR) click here. For more ratings news on OraSure Technologies click here.

Shares of OraSure Technologies closed at $7.02 yesterday.

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