Oppenheimer Maintains a 'Perform' on Integra LifeSciences (IART); Meeting with CEO
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Price: $18.34 +0.55%
Rating Summary:
8 Buy, 17 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 17 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Oppenheimer maintains a 'Perform' on Integra LifeSciences (NASDAQ: IART) price target of $46.00 (from $42.00).
Analyst, Steven Lichtman, said, "During our recent day on the road with IART, CEO Peter Arduini focused on the three key near-term priorities: execution, optimization, and growth acceleration. Looking forward, with an enhanced executive team in place, IART will focus on a more disciplined approach to R&D, meaningful leverage opportunities (particularly in COGS), and international expansion. We expect the stock to continue to push higher into the company's October 24 analyst day where management is expected to lay out more details on its cost saving plans. On an increased long-term operating margin assumption, we raise our price target to $46."
FY13 EPS estimate lowered from $3.20 to $3.17.
For an analyst ratings summary and ratings history on Integra LifeSciences click here. For more ratings news on Integra LifeSciences click here.
Shares of Integra LifeSciences closed at $40.63 yesterday.
Analyst, Steven Lichtman, said, "During our recent day on the road with IART, CEO Peter Arduini focused on the three key near-term priorities: execution, optimization, and growth acceleration. Looking forward, with an enhanced executive team in place, IART will focus on a more disciplined approach to R&D, meaningful leverage opportunities (particularly in COGS), and international expansion. We expect the stock to continue to push higher into the company's October 24 analyst day where management is expected to lay out more details on its cost saving plans. On an increased long-term operating margin assumption, we raise our price target to $46."
FY13 EPS estimate lowered from $3.20 to $3.17.
For an analyst ratings summary and ratings history on Integra LifeSciences click here. For more ratings news on Integra LifeSciences click here.
Shares of Integra LifeSciences closed at $40.63 yesterday.
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