Canaccord Genuity Maintains a 'Buy' on ZELTIQ Aesthetics (ZLTQ); New Management to Help Fight Battle
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Price: $56.48 --0%
Rating Summary:
7 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 50
Rating Summary:
7 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 50
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Canaccord Genuity maintains a 'Buy' on ZELTIQ Aesthetics (NASDAQ: ZLTQ) price target lowered from $10 to $9.
Analyst, William J. Plovanic, said, "We maintain our rating on Zeltiq following weaker than expected Q1/12 results. While the company continues to grow Y/Y and procedure revenues continue at a solid pace, we believe Zeltiq is now a show me story given a string of disappointing results and turnover in senior management. That said, we believe the initial impact from a second entrant in the space is reflected in our expectations and the stock price."
For an analyst ratings summary and ratings history on ZELTIQ Aesthetics click here. For more ratings news on ZELTIQ Aesthetics click here.
Shares of ZELTIQ Aesthetics closed at $5.97 yesterday.
Analyst, William J. Plovanic, said, "We maintain our rating on Zeltiq following weaker than expected Q1/12 results. While the company continues to grow Y/Y and procedure revenues continue at a solid pace, we believe Zeltiq is now a show me story given a string of disappointing results and turnover in senior management. That said, we believe the initial impact from a second entrant in the space is reflected in our expectations and the stock price."
For an analyst ratings summary and ratings history on ZELTIQ Aesthetics click here. For more ratings news on ZELTIQ Aesthetics click here.
Shares of ZELTIQ Aesthetics closed at $5.97 yesterday.
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