Canaccord Genuity Maintains a 'Buy' on Alphatec Holdings (ATEC); Charges Cloud Q4/11

Canaccord Genuity maintains a 'Buy' on Alphatec Holdings (NASDAQ: ATEC) price target of $3.50.

Analyst, William J. Plovanic, said, "We maintain our rating following mixed Q4/11 results, with in-line sales and EPS clouded by several one-time issues. Additionally, the company announced a change in management and shuffling of executive roles in an effort to drive further growth on the top and bottom lines. We believe the renewed focus on strategy as well as recent product launches position the company well amidst conservative 2012 guidance."

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

Shares of Alphatec Holdings closed at $2.00 yesterday.

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