Globus Medical (GMED) Tops Q1 EPS by 2c, Raises FY Revenue Guidance

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Go back to Globus Medical (GMED) Tops Q1 EPS by 2c, Raises FY Revenue Guidance

Globus Medical, Inc. (GMED) Reports Revenue Well Above Consensus, Brean Capital Note; PT to $33

May 6, 2015 7:13 AM EDT

Brean Capital reiterates their Buy rating on Globus Medical, Inc. (NYSE: GMED) and raised the target price to $33 (from $30) after GMED posted revenues well above consensus. GMED's 1Q15 report showed and increase of 15.2% in revenues to $131.6 million. Despite lower margins, new products and... More