Canaccord Genuity Reiterates a 'Buy' on Orthofix (OFIX); Clearing Up Legal Overhangs

Canaccord Genuity reiterates a 'Buy' on Orthofix International (NASDAQ: OFIX) price target raised to $55.00 from $42.50.

Analyst, William J. Plovanic, said, "We reiterate our rating on Orthofix following the announcement that the company has taken significant steps toward resolving its ongoing legal overhangs. The next major event will be final 2011 results and 2012 guidance issuance, expected on the Q4/11 CC on Thursday, February 23."

For an analyst ratings summary and ratings history on Orthofix International click here. For more ratings news on Orthofix International click here.

Shares of Orthofix International closed at $41.06 yesterday.

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