Benchmark Downgrades Vascular Solutions (VASC) to Hold on Valuation

February 6, 2013 7:23 AM EST
Get Alerts VASC Hot Sheet
Price: $55.85 --0%

Rating Summary:
    1 Buy, 5 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 16 | Down: 24 | New: 14
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Benchmark downgraded Vascular Solutions (NASDAQ: VASC) from Buy to Hold on valuaiton with the stock trading near their $17 price target.

"Our downgrade is purely based on valuation as we believe that VASC’s core business remains strong and we remind investors that VASC has a strong balance sheet with cash of $11.5 million and no long-term debt. Lastly, we believe that VASC posted strong Q4:12 results and provided guidance for 2013 that was in-line with our current estimates for 2013."

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

Shares of Vascular Solutions closed at $16.48 yesterday.

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