Canaccord Genuity Reiterates a 'Buy' on Alphatec Holdings; Solid Q1/11; ATEC Outpaced Market; Easy Comps Begin in Q2
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Price: $9.24 -0.54%
Rating Summary:
18 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
18 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Alphatec Holdings (NASDAQ: ATEC), PT increased from $3.50 to $4.
Canaccord analyst says, "We reiterate our rating following the strong Q1/11 top-line performance, showing the momentum building with new products (i.e. PureGen). We note that ATEC heads into easy comps in the Q2/11. With a stabilization of pricing and procedure volumes in the broad spine market, we believe Alphatec can continue to be a share taker in 2011. As a result of renewed top-line growth and cash flow, we would expect the multiple to expand for the name over the next 12 months."
For more ratings news on Alphatec Holdings click here and for the rating history of Alphatec Holdings click here.
Shares of Alphatec Holdings closed at $2.95 yesterday.
Canaccord analyst says, "We reiterate our rating following the strong Q1/11 top-line performance, showing the momentum building with new products (i.e. PureGen). We note that ATEC heads into easy comps in the Q2/11. With a stabilization of pricing and procedure volumes in the broad spine market, we believe Alphatec can continue to be a share taker in 2011. As a result of renewed top-line growth and cash flow, we would expect the multiple to expand for the name over the next 12 months."
For more ratings news on Alphatec Holdings click here and for the rating history of Alphatec Holdings click here.
Shares of Alphatec Holdings closed at $2.95 yesterday.
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