Duncan Williams Raises Kensey Nash PT, Maintains Buy

Duncan Williams raised its Kensey Nash KNSY price target from $31 to $32 and maintained its Kensey Nash Buy rating in a research report published today. In the report, Duncan Williams states, "We believe that KNSY will receive $6.0 million in milestone payments in fiscal 2012. In terms of timing, we estimate the majority of payments will hit in fiscal Q2:12. We remind investors that these milestone payments will carry a 100% gross margin and will flow through to the bottom line." Shares of Kensey Nash were trading at $26.54 at the time of posting, down 8.32% from Thursday's market close.