Piper Jaffray Maintains Rating, Price Target On KCI
Piper Jaffray maintains its Underweight rating and a price target of $46 on Kinetic Concepts Inc. (NYSE: KCI)
According to Piper Jaffray, “Our concerns regarding the stock are not related to competitive bidding but rather the continuing and increasing competitive pressures the company faces in the US NPWT market, as well as pricing pressure, reimbursement risk and slowing penetration and utilization trends.”
KCI closed yesterday at $54.53.
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