NuVasive (NUVA) PT Raised to $84 at Jefferies Following Results
Get Alerts NUVA Hot Sheet
Price: $39.75 --0%
Rating Summary:
11 Buy, 21 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 6
Rating Summary:
11 Buy, 21 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 7 | New: 6
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Jefferies analyst Raj Denhoy reiterates Buy rating and raises price target on NuVasive Inc. (NASDAQ: NUVA) to $84 (from $79), as the company delivered unexpected upside with fourth quarter revenues above consensus, yet provided guidance that appears conservative.
Denhoy comments, "NUVA progresses down a path of substantially above market spine growth and improving operating performance. Still, the pace of margin expansion is appearing more measured as the company continues to invest in its many growth opportunities. Upside potential in both sales and EPS keeps us engaged; PT to $84."
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