Needham & Company Reiterates a 'Buy' on Analogic (ALOG); Raising Numbers After Exceptionally Strong Bottom Line Trends
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Price: $83.95 --0%
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on Analogic Corporation (NASDAQ: ALOG) price target raised from $62 to $66.
Analyst, Dalton Chandler, said, "Although total revenue fell a little short of our estimate, the results in MRI, mammography plates, ultrasound and security were all very positive. Only CT dragged down the overall result, yet management felt confident enough about the prospects for forward revenue to bump up their guidance for the year. We are raising estimates for the out periods and our price target."
FY12 EPS estimate from $2.30 to $3.40 and FY13 from $3.11 to $3.26.
For an analyst ratings summary and ratings history on Analogic Corporation click here. For more ratings news on Analogic Corporation click here.
Shares of Analogic Corporation closed at $54.59 yesterday.
Analyst, Dalton Chandler, said, "Although total revenue fell a little short of our estimate, the results in MRI, mammography plates, ultrasound and security were all very positive. Only CT dragged down the overall result, yet management felt confident enough about the prospects for forward revenue to bump up their guidance for the year. We are raising estimates for the out periods and our price target."
FY12 EPS estimate from $2.30 to $3.40 and FY13 from $3.11 to $3.26.
For an analyst ratings summary and ratings history on Analogic Corporation click here. For more ratings news on Analogic Corporation click here.
Shares of Analogic Corporation closed at $54.59 yesterday.
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