Canaccord Genuity Reiterates a 'Buy' on PhotoMedex (PHMD) After Meeting with Management
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Price: $1.07 --0%
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 3 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 PhotoMedex (NASDAQ: PHMD) price target of $22.00.
Analyst, William J. Plovanic, said, "While investors were providing lots of advice on how to combat the retreating stock price, we took notice of management’s focus on execution of its business plan. Specifically, we noted that, as projected, PhotoMedex is adding new geographies and products for its no!no! consumer brand. Furthermore, the DTC marketing plan for XTRAC for psoriasis was successful (as noted on the Q1/12 call) and is being expanded nationally. In short, we are more confident that fundamentals of the business are on track and are reiterating our rating and price target."
For an analyst ratings summary and ratings history on PhotoMedex click here. For more ratings news on PhotoMedex click here.
Shares of PhotoMedex closed at $13.56 yesterday.
Analyst, William J. Plovanic, said, "While investors were providing lots of advice on how to combat the retreating stock price, we took notice of management’s focus on execution of its business plan. Specifically, we noted that, as projected, PhotoMedex is adding new geographies and products for its no!no! consumer brand. Furthermore, the DTC marketing plan for XTRAC for psoriasis was successful (as noted on the Q1/12 call) and is being expanded nationally. In short, we are more confident that fundamentals of the business are on track and are reiterating our rating and price target."
For an analyst ratings summary and ratings history on PhotoMedex click here. For more ratings news on PhotoMedex click here.
Shares of PhotoMedex closed at $13.56 yesterday.
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