Canaccord Genuity Maintains a 'Buy' on NuVasive (NUVA); Outpaces Market; Unique Asset at Cheap valuation
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Price: $39.75 --0%
Rating Summary:
11 Buy, 21 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 13
Rating Summary:
11 Buy, 21 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 13
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Canaccord Genuity maintains a 'Buy' on NuVasive (NASDAQ: NUVA) price target raised from $19 to $21.
Analyst, William J. Plovanic, said, "We maintain our rating following in-line Q4/11 results and mixed 2012 guidance. We believe NuVasive remains the gold standard in the lateral access market and will remain so due to a robust product pipeline and strong educational initiatives. Additionally, we believe geographic expansion and new product approvals and introductions represent upside to our expectations in 2012. Lastly, we believe NuVasive offers a favorable risk/reward profile at current valuation levels."
For an analyst ratings summary and ratings history on NuVasive click here. For more ratings news on NuVasive click here.
Shares of NuVasive closed at $15.46 yesterday.
Analyst, William J. Plovanic, said, "We maintain our rating following in-line Q4/11 results and mixed 2012 guidance. We believe NuVasive remains the gold standard in the lateral access market and will remain so due to a robust product pipeline and strong educational initiatives. Additionally, we believe geographic expansion and new product approvals and introductions represent upside to our expectations in 2012. Lastly, we believe NuVasive offers a favorable risk/reward profile at current valuation levels."
For an analyst ratings summary and ratings history on NuVasive click here. For more ratings news on NuVasive click here.
Shares of NuVasive closed at $15.46 yesterday.
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