Canaccord Genuity Reiterates a 'Buy' on Gen-Probe (GPRO); Good Q4; Solid Growth Prospects
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Price: $0.60 -4.76%
Rating Summary:
4 Buy, 11 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 11 Hold, 6 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity reiterates a 'Buy' on Gen-Probe (NASDAQ: GPRO) price target raised to $78.00.
Analyst, Jeffrey Frelick, said, "We reiterate our rating on GPRO following good Q4 results, solid 2012 guidance, growth prospects for the recently launched Trich and HPV assays, and the upcoming Panther launch in Q2/12."
"GPRO is increasing line, its R&D spending in 2012 for two major product developments: viral load assays and adding real-time PCR to Panther. As a result, we lower our 2012E EPS to $2.60 from $2.75 (vs. $2.50-2.68 guidance). Rolling out 2013 estimates. We are establishing our 2013 revenue and EPS estimates of $732M/$3.10."
For an analyst ratings summary and ratings history on Gen-Probe click here. For more ratings news on Gen-Probe click here.
Shares of Gen-Probe closed at $67.61 yesterday.
Analyst, Jeffrey Frelick, said, "We reiterate our rating on GPRO following good Q4 results, solid 2012 guidance, growth prospects for the recently launched Trich and HPV assays, and the upcoming Panther launch in Q2/12."
"GPRO is increasing line, its R&D spending in 2012 for two major product developments: viral load assays and adding real-time PCR to Panther. As a result, we lower our 2012E EPS to $2.60 from $2.75 (vs. $2.50-2.68 guidance). Rolling out 2013 estimates. We are establishing our 2013 revenue and EPS estimates of $732M/$3.10."
For an analyst ratings summary and ratings history on Gen-Probe click here. For more ratings news on Gen-Probe click here.
Shares of Gen-Probe closed at $67.61 yesterday.
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