Jefferies Boosts Price Target On Cepheid (CPHD) to $35
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Price: $52.95 --0%
Rating Summary:
11 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
Rating Summary:
11 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
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Jefferies raised its price target on Cepheid (NASDAQ: CPHD) from $30 to $35 and reiterated their Buy rating following a profitable Q1.
The firm states, "CPHD's 1Q11 GAAP EPS of $0.01 was $0.02 ahead of consensus on better than expected revenue growth and profit trends. We are raising our 2011 and 2012 EPS forecasts to $0.03 (from $0.02) and $0.52 (from $0.50), respectively. Our PT moves to $35 (from $30) on higher cash flow forecasts."
For more ratings news on Cepheid click here and for the rating history of Cepheid click here.
Shares of Cepheid closed at $30.71 yesterday.
The firm states, "CPHD's 1Q11 GAAP EPS of $0.01 was $0.02 ahead of consensus on better than expected revenue growth and profit trends. We are raising our 2011 and 2012 EPS forecasts to $0.03 (from $0.02) and $0.52 (from $0.50), respectively. Our PT moves to $35 (from $30) on higher cash flow forecasts."
For more ratings news on Cepheid click here and for the rating history of Cepheid click here.
Shares of Cepheid closed at $30.71 yesterday.
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