Jefferies Maintains a 'Buy' on Hanger Orthopedic Group (HGR); Stock Run Justified!

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Jefferies maintains a 'Buy' on Hanger Orthopedic Group Inc. (NYSE: HGR) price target of $33.00 (from $29.50).

Analyst, Brian Tanquilut, said, "Takeaways from the investor meetings we hosted on Friday with mgmt reinforced our view that Hanger is on track to sustain its strong earnings growth trajectory -- driven by both top line and margin expansion -- while proving to be truly defensive from both macro-driven volume risk and potential rate pressure. This solid fundamental outlook, in our view, justifies the stock's recent move and will drive incremental investor returns."

Raising FY13 EPS estimates from $1.97 to $2.04.

For an analyst ratings summary and ratings history on Hanger Orthopedic Group Inc. click here. For more ratings news on Hanger Orthopedic Group Inc. click here.

Shares of Hanger Orthopedic Group Inc. closed at $28.56 yesterday, with a 52 week range of $14.57-$29.17.

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