Canaccord Genuity Reiterates a 'Buy' on GenMark Diagnostics (GNMK); Pipeline Looking Good
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Price: $24.04 --0%
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on GenMark Diagnostics (NASDAQ: GNMK) price target of $12.00.
Analyst, Jeffrey Frelick, said, "We reiterate our rating and price target on GNMK following the company’s best ever quarter for instrument placements. GNMK reported only select Q4/11 metrics (first year of SOX). We will provide 2013 estimates after the company files its 10-K, likely next week. We continue to like GNMK as a fast-growing pure play in MDx...We lower our ’12 revenue estimate to $11.1M (from $14M) due to lack of flu in Q1."
For an analyst ratings summary and ratings history on GenMark Diagnostics click here. For more ratings news on GenMark Diagnostics click here.
Shares of GenMark Diagnostics closed at $4.03 yesterday.
Analyst, Jeffrey Frelick, said, "We reiterate our rating and price target on GNMK following the company’s best ever quarter for instrument placements. GNMK reported only select Q4/11 metrics (first year of SOX). We will provide 2013 estimates after the company files its 10-K, likely next week. We continue to like GNMK as a fast-growing pure play in MDx...We lower our ’12 revenue estimate to $11.1M (from $14M) due to lack of flu in Q1."
For an analyst ratings summary and ratings history on GenMark Diagnostics click here. For more ratings news on GenMark Diagnostics click here.
Shares of GenMark Diagnostics closed at $4.03 yesterday.
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