UPDATE: Cantor Fitzgerald Initiates Coverage on Bruker
According to a research report published Thursday, Cantor Fitzgerald has initiated Bruker (NASDAQ: BRKR) with a Buy rating and $16 PT.
In the report, Cantor Fitzgerald said, "Bruker has a highly diversified high-end scientific instrumentation portfolio targeting life science, applied, and industrial markets. In our view, the company is well positioned to capitalize on high-growth market segments over the next several years and deliver above-market top line growth, leveraging internal R&D and strategic tuckins. Additionally, with below sector average margins, Bruker has significant upside for margin expansion in the medium-term."
Bruker closed Wednesday at $13.39.
Latest Ratings for BRKR
|Aug 2016||Wells Fargo||Downgrades||Outperform||Market Perform|
|Aug 2016||Janney Capital||Upgrades||Neutral||Buy|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.