Cantor Fitzgerald Starts Conceptus (CPTS) at Buy; Better Days Are Ahead

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Cantor Fitzgerald initiates coverage on Conceptus (NASDAQ: CPTS) with a Buy. PT $14.00.

Cantor analyst said, "With top-line misses in two of the past three quarters and guidance reductions each of the last two quarters, Conceptus has had a year to forget in 2011, and the stock is down 15% YTD accordingly. Valuation is near historical lows, however, and there are signs of improvement on tap for 2012. The time is right for long-term investors."

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

Shares of Conceptus closed at $11.73 yesterday, with a 52 week range of $9.68-$15.70.

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