Canaccord Genuity reiterates a 'Buy' on Gen-Probe (GPRO); Solid Q3 - Focus Shifts to Marketing HPV Assay in US
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Price: $0.61 +1.67%
Rating Summary:
4 Buy, 11 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 10 | New: 18
Rating Summary:
4 Buy, 11 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 10 | New: 18
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Canaccord Genuity reiterates a 'Buy' on Gen-Probe (NASDAQ: GPRO) price target of $67.00.
Canaccord analyst, Jeffrey Frelick, said, "GPRO slightly lowers upper end of guidance to reflect higher R&D expenses in Q4. We lower our 2011 EPS by $0.01 to $2.32, marking the high end of the company’s revised EPS guidance of $2.28-2.32 (from $2.28-2.37). Early comment on 2012 implies low-double-digit revenue growth."
For more ratings news on Gen-Probe click here and for the rating history of Gen-Probe click here.
Shares of Gen-Probe closed at $57.63 yesterday.
Canaccord analyst, Jeffrey Frelick, said, "GPRO slightly lowers upper end of guidance to reflect higher R&D expenses in Q4. We lower our 2011 EPS by $0.01 to $2.32, marking the high end of the company’s revised EPS guidance of $2.28-2.32 (from $2.28-2.37). Early comment on 2012 implies low-double-digit revenue growth."
For more ratings news on Gen-Probe click here and for the rating history of Gen-Probe click here.
Shares of Gen-Probe closed at $57.63 yesterday.
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