Jefferies Maintains a 'Buy' on Cepheid (CPHD); HBDC Program Gaining Momentum; Raising PT
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Price: $52.95 --0%
Rating Summary:
11 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 13 | New: 20
Rating Summary:
11 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 13 | New: 20
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Jefferies maintains a 'Buy' on Cepheid (NASDAQ: CPHD) price target raised from $37 to $42.
Jefferies analyst says, "CPHD's 3Q11 GAAP EPS of $0.03 was $0.01 ahead of consensus on better- thanexpected revenue growth and profit trends. We are trimming our 2011 EPS forecast by $0.01 (to $0.09) on stepped-up R&D outlays planned for 4Q11. Our 2012 EPS forecast ($0.55) in unchanged."
For more ratings news on Cepheid click here and for the rating history of Cepheid click here.
Shares of Cepheid closed at $38.55 yesterday.
Jefferies analyst says, "CPHD's 3Q11 GAAP EPS of $0.03 was $0.01 ahead of consensus on better- thanexpected revenue growth and profit trends. We are trimming our 2011 EPS forecast by $0.01 (to $0.09) on stepped-up R&D outlays planned for 4Q11. Our 2012 EPS forecast ($0.55) in unchanged."
For more ratings news on Cepheid click here and for the rating history of Cepheid click here.
Shares of Cepheid closed at $38.55 yesterday.
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