Canaccord Genuity Reiterates a 'Buy' on Quidel Corp. (QDEL); Weak Q1, But Pipeline Robust
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Price: $14.74 -0.74%
Rating Summary:
7 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
7 Buy, 10 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Quidel Corp. (NASDAQ: QDEL) price target of $25.00.
Analyst, Jeffrey Frelick, said, "We reiterate our rating on QDEL following soft Q1 results due to a weak flu season. QDEL boasts a robust pipeline, and we remain confident they can drive $100M of new product revs by 2014...New products will drive revenue growth. QDEL remains on track to achieve $100M of new product revenues by the end of 2014. We estimate incremental revs of $13M, $44M and $100M in 2012, 2013 and 2014, respectively."
For an analyst ratings summary and ratings history on Quidel Corp. click here. For more ratings news on Quidel Corp. click here.
Shares of Quidel Corp. closed at $17.65 yesterday.
Analyst, Jeffrey Frelick, said, "We reiterate our rating on QDEL following soft Q1 results due to a weak flu season. QDEL boasts a robust pipeline, and we remain confident they can drive $100M of new product revs by 2014...New products will drive revenue growth. QDEL remains on track to achieve $100M of new product revenues by the end of 2014. We estimate incremental revs of $13M, $44M and $100M in 2012, 2013 and 2014, respectively."
For an analyst ratings summary and ratings history on Quidel Corp. click here. For more ratings news on Quidel Corp. click here.
Shares of Quidel Corp. closed at $17.65 yesterday.
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