JP Morgan On Kinetic Concepts' "Mixed" 4Q
JP Morgan has published a research report on Kinetic Concepts, Inc. (NYSE: KCI) after the company reported "mixed" 4Q results this morning, according to JPM.
In the report, JP Morgan writes that "The revenue forecast calls for $2.05-$2.09B (+2-4%), which comes in below consensus of $2.11B but places our $2.07B (+2.4%) forecast at the midpoint of the range. Within management's revenue guidance, AHS revenues are expected to experience flat to low single digit growth (JPMe: 1%) from new products and markets, offset by lower price and incremental share loss. Regenerative Medicine is pegged for mid-to-upper teens growth (JPMe: 15%), offset in part by a low-to-mid single digit contraction from the Surfaces franchise (JPMe: -3%)."
JP Morgan maintains its Neutral rating on Kinetic Concepts, which closed yesterday at $46.13.
