Needham & Company Starts K2M Group Holdings (KTWO) at Buy

Needham & Company initiates coverage on K2M Group Holdings (NASDAQ: KTWO) with a Buy rating and a price target of $30.00.

Analyst Mike Matson commented, "KTWO is a pure-play spine company focused on complex spine surgery. We think that complex spine is an attractive segment and that KTWO should be able to leverage its innovative complex spine products to drive sales of its degenerative spine products. And we expect new products, an expanding sales force, and conservative guidance to allow KTWO to continue to "beat and raise." Given this, and a valuation that is at a discount to peers, we initiate coverage with a Buy rating."

For an analyst ratings summary and ratings history on K2M Group Holdings click here. For more ratings news on K2M Group Holdings click here.

Shares of K2M Group Holdings closed at $23.87 yesterday.

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