Needham & Company Downgrades Analogic Corporation (ALOG) to Hold; Valuation Call; Cutting Estimates on Miss

Article Stock Quotes (1) Comments (0)

Needham & Company downgraded Analogic Corporation (NASDAQ: ALOG) from Buy to Hold.

Analyst, Dalton Chandler, said, "ALOG shares closed a dollar short of our $66 target last night and reported a quarter that fell short of our estimates. Since we are taking estimates down a bit this morning we also downgrade from Buy to Hold. We think ALOG shares appear to be fairly valued at this level, especially when compared to its peer group."

Needham lowers FY12 EPS estimates from $3.40 to $3.19 and FY13 from $3.26 to $3.13.

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

Shares of Analogic Corporation closed at $65.00 yesterday, with a 52 week range of $42.90-$69.72.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Wells Fargo Downgrades Aruba Networks (ARUN) to Market Perform
• Jefferies Downgrades Limited Brands (LTD) to Underperform; Sees 21% Downside
• UBS Survey Shows Signs of Strength for Gilead's (GILD) TAF

Create E-mail Alert Related Categories

Analyst EPS Change, Analyst EPS View, Downgrades

Related Entities

Needham & Company

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?