UPDATE - Canaccord Genuity Initiates Coverage on PhotoMedex (PHMD) with a Buy; Near-term Growth Consumer Driven
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Price: $16.16 +0.37%
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade PHMD Now!
UPDATE - Canaccord Genuity initiates coverage on PhotoMedex (NASDAQ: PHMD) with a Buy. PT $22.00.
Analyst, William J. Plovanic, said, "We believe the merger of PhotoMedex and Radiancy creates leverage opportunities both on the top and bottom lines with results expected starting in the H2/12. Revenue synergies are expected from cross-selling of PhotoMedex products into the consumer channel and utilizing Radiancy’s existing DTC expertise. In addition cost synergies are expected as infrastructure is maximized to support the combined businesses."
Plovanic sees near-term growth being supported by consumer product segments.
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Analyst, William J. Plovanic, said, "We believe the merger of PhotoMedex and Radiancy creates leverage opportunities both on the top and bottom lines with results expected starting in the H2/12. Revenue synergies are expected from cross-selling of PhotoMedex products into the consumer channel and utilizing Radiancy’s existing DTC expertise. In addition cost synergies are expected as infrastructure is maximized to support the combined businesses."
Plovanic sees near-term growth being supported by consumer product segments.
To see more ratings on PHMD, Click Here
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