Canaccord Genuity Reiterates a 'Buy' on Orthofix (OFIX); OUS Drives Q4/11
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Price: $10.34 --0%
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 18
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 18
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Canaccord Genuity reiterates a 'Buy' on Orthofix International (NASDAQ: OFIX) price target raised $2 to $57.
Analyst, William J. Plovanic, said, "We maintain our BUY rating following strong Q4/11 revenue results and better-than-expected adjusted EPS. With resolution of legal issues almost complete, we believe Orthofix is positioned offensively for the first time in almost half a decade. We expect continued top-line growth driven by a rebound in the spine stimulation business. Furthermore, we expect operating margin expansion in 2012, despite investments in R&D and absorption of legal expenses associated with product liability issues."
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 $42.06 yesterday.
Analyst, William J. Plovanic, said, "We maintain our BUY rating following strong Q4/11 revenue results and better-than-expected adjusted EPS. With resolution of legal issues almost complete, we believe Orthofix is positioned offensively for the first time in almost half a decade. We expect continued top-line growth driven by a rebound in the spine stimulation business. Furthermore, we expect operating margin expansion in 2012, despite investments in R&D and absorption of legal expenses associated with product liability issues."
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 $42.06 yesterday.
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