Needham & Company Reiterates a 'Buy' on Cynosure (CYNO); Raising Numbers on Strong Quarter

Needham & Company reiterates a 'Buy' on Cynosure (NASDAQ: CYNO) price target raised from $19 to $22.

Analyst, Dalton Chandler, said, "CYNO may finally be exhibiting the leverage we always knew was in its business model. Although our 2012 revenue estimate is nearly unchanged we are taking our EPS estimates up substantially and introducing 2013 estimates that really start to show the earnings power as revenues continue to grow." (Needham raises FY12 EPS estimate from $0.18 to $0.36)

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

Shares of Cynosure closed at $16.44 yesterday.

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