McNicoll Lewis & Vlak Starts Spectranetics (SPNC) at Buy; Back on Track and Laser-Focused on Growth
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Price: $38.45 --0%
Rating Summary:
5 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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McNicoll Lewis & Vlak initiates coverage on Spectranetics (NASDAQ: SPNC) with a Buy. PT $11.00.
MLV analyst says, "We think Spectranetics is currently undervalued by investors. Given the Company’s performance over the last two quarters, the recent return to profitability, the demonstrated safety and efficacy profiles of the products, as well as management’s strong focus on growth, we have a renewed confidence in the Spectranetics story."
"EPS of $0.01. For 2011, we forecast revenues of $125.0M and EPS of $0.03. For 2012, we project revenues of $133.0M and EPS of $0.06. For 2013, we estimate revenues of $143.6M and EPS of $0.14."
For more ratings news on Spectranetics click here and for the rating history of Spectranetics click here.
Shares of Spectranetics closed at $5.94 yesterday.
MLV analyst says, "We think Spectranetics is currently undervalued by investors. Given the Company’s performance over the last two quarters, the recent return to profitability, the demonstrated safety and efficacy profiles of the products, as well as management’s strong focus on growth, we have a renewed confidence in the Spectranetics story."
"EPS of $0.01. For 2011, we forecast revenues of $125.0M and EPS of $0.03. For 2012, we project revenues of $133.0M and EPS of $0.06. For 2013, we estimate revenues of $143.6M and EPS of $0.14."
For more ratings news on Spectranetics click here and for the rating history of Spectranetics click here.
Shares of Spectranetics closed at $5.94 yesterday.
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