Canaccord Genuity Maintains a 'Hold' on TranS1 Inc (TSON); Securing Incremental Payers is Positive, but Not a Home-run
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Price: $2.06 --0%
Rating Summary:
6 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
6 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Canaccord Genuity maintains a 'Hold' on TranS1 Inc (NASDAQ: TSON) price target of $3.00.
Analyst, William J. Plovanic, said, "We maintain our rating as TranS1 announced additional positive coverage decisions from several additional Blue Cross Blue Shield organizations. We believe these “base hits” from smaller providers are positive catalysts for the stock, and paramount to driving top-line growth; however, we continue to wait for coverage updates from medium to large private payers. Additionally, we need a better understanding of the details surrounding the OIG investigation, as well as an update on the progress of the CPT code graduation, before reconsidering our neutral stance."
For an analyst ratings summary and ratings history on TranS1 Inc click here. For more ratings news on TranS1 Inc click here.
Shares of TranS1 Inc closed at $3.05 yesterday.
Analyst, William J. Plovanic, said, "We maintain our rating as TranS1 announced additional positive coverage decisions from several additional Blue Cross Blue Shield organizations. We believe these “base hits” from smaller providers are positive catalysts for the stock, and paramount to driving top-line growth; however, we continue to wait for coverage updates from medium to large private payers. Additionally, we need a better understanding of the details surrounding the OIG investigation, as well as an update on the progress of the CPT code graduation, before reconsidering our neutral stance."
For an analyst ratings summary and ratings history on TranS1 Inc click here. For more ratings news on TranS1 Inc click here.
Shares of TranS1 Inc closed at $3.05 yesterday.
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