Cantor Fitzgerald Starts Life Technologies (LIFE) at Hold; Waiting for Sustainable Above-Market Growth

Cantor Fitzgerald initiates coverage on Life Technologies (NASDAQ: LIFE) with a Hold. PT $45.00.

Cantor analyst said, "While Life Technologies remains a leading supplier of cutting-edge tools and services for the life science industry, given increasing competitive headwinds for many of the company's key product categories amidst a lukewarm end market environment, we look for better visibility on sustainable above-market top-line and margin growth before turning constructive."

"Ion PGM and emerging markets are the biggest growth drivers over the next 12-18 months, with each potentially contributing low single digit growth over the next few years. On the bottom line, solid free cash flow and disciplined cash deployment should provide earnings leverage. LIFE is also on track to achieve >10% ROIC in 2012."

For an analyst ratings summary and ratings history on Life Technologies click here. For more ratings news on Life Technologies click here.

Shares of Life Technologies closed at $40.08 yesterday.

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