Needham & Company Maintains a 'Buy' on Analogic (ALOG); Set for Growth in All Three Operating Segments Plus Margin Expansion

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ALOG Hot Sheet

Rating Summary:
0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38

Needham & Company maintains a 'Buy' on Analogic Corporation (NASDAQ: ALOG) price target of $58.00.

Needham analyst says, "Yesterday ALOG hosted a very well attended analyst meeting at its corporate headquarters in Peabody, MA. CEO Jim Green opened the proceedings by highlighting some of the accomplishments during his four-year-plus tenure including, most importantly, the streamlining of this company into three “pillar” business units. The balance of the day was devoted to outlining the strategy each of these pillars will employ in support of the overall corporate goal of double-digit non-GAAP operating earnings as a percentage of revenue in FY12, high-single-digit revenue growth in FY12 and double digit revenue growth in the out years."

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Shares of Analogic Corporation closed at $49.97 yesterday, with a 52 week range of $42.90-$58.96.

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