Canaccord Genuity Reiterates a 'Buy' on GenMark Diagnostics (GNMK); Opportunities Hold Promise

April 17, 2012 8:27 AM EDT
Get Alerts GNMK Hot Sheet
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
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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 BUY on GNMK after recent management meetings highlight customer endorsements, technology advantages, and leadership progress...GNMK’s XT-8 (and NexGen) instrument platform offers advantages with its electronic measurement such as: multiplex capabilities (up to 72 markers), lower “no call” ratio due to less background noise, GM advantages due to low cost microchip reagents, and the ability to perform various types of molecular tests.

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 $4.19 yesterday.


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