UBS Boosts Price Target on Bruker (BRKR) to $19

January 31, 2013 3:22 PM EST
Get Alerts BRKR Hot Sheet
Price: $22.31 -1.2%

Rating Summary:
    10 Buy, 13 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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UBS raised its price target on Buy-rated Bruker (NASDAQ: BRKR) from $16.50 to $19.

The firm comments, "We continue to believe that a global macroeconomy trending in the right direction and good organic growth momentum can drive solid results in the near-term, and that investors remain positive on the stock as an operational turn-around story. Shares currently trade at a discount to the tools avg – with BRKR at 1.4x fwd EV/sales vs. 2.8x for the life sciences group, and 9.1x fwd EV/EBITDA vs. 10.3x for the group."

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

Shares of Bruker closed at $16.77 yesterday.

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