Jefferies Raises Target On Integra LifeSciences (IART) to $37 After Q4 Results
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Price: $16.74 +0.90%
Rating Summary:
8 Buy, 17 Hold, 2 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
8 Buy, 17 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies lifted its price target on Integra LifeSciences (NASDAQ: IART) from $30 to $37 following Q4 results. The firm maintained their Buy rating.
The firm comments, "4Q results, which were preannounced, showed end market headwinds as well as company-specific challenges, both of which management remains highly confident are transient in nature. Integra has worked through challenging times before and we expect the company will emerge from the latest with the longer term strategy largely intact."
Q1 EPS was cut from $0.67 to $0.63 but FY12 was lifted from $3.00 to $3.01.
For an analyst ratings summary and ratings history on Integra LifeSciences click here. For more ratings news on Integra LifeSciences click here.
Shares of Integra LifeSciences closed at $31.25 yesterday.
The firm comments, "4Q results, which were preannounced, showed end market headwinds as well as company-specific challenges, both of which management remains highly confident are transient in nature. Integra has worked through challenging times before and we expect the company will emerge from the latest with the longer term strategy largely intact."
Q1 EPS was cut from $0.67 to $0.63 but FY12 was lifted from $3.00 to $3.01.
For an analyst ratings summary and ratings history on Integra LifeSciences click here. For more ratings news on Integra LifeSciences click here.
Shares of Integra LifeSciences closed at $31.25 yesterday.
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