Needham & Company Upgrades K2M Group Holdings (KTWO) to Strong Buy

Needham & Company upgraded K2M Group Holdings (NASDAQ: KTWO) from Buy to Strong Buy with a price target of $21.00.

Analyst Mike Matson commented, "We are upgrading KTWO to Strong Buy. We believe that KTWO's international issues are temporary and could improve sooner than expected, we see potential for strong US sales growth (driven by new products and expanded distribution) to be a source of upside to consensus, we think KTWO could be acquired, and we believe that KTWO shares are now significantly undervalued."

For an analyst ratings summary and ratings history on K2M Group Holdings click here. For more ratings news on K2M Group Holdings click here.

Shares of K2M Group Holdings closed at $10.69 yesterday.

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