Market Overview

UPDATE: Benchmark Upgrades Symmetry Medical to Buy on Higher Margins, Guidance Reset

Related SMA
Mid-Afternoon Market Update: Lions Gate Shares Climb on Report of Dalian Wanda Stake; Crude Oil Jumps Over 3%
Events for the Week of Nov. 17-21, 2014
Mid-Market Report: Dealmaking on the Rise (Fox Business)

Benchmark raised its rating on Symmetry Medical (NYSE: SMA) from Hold to Buy and increased its price target from $10 to $12.

Benchmark commented, "We are upgrading SMA to a Buy rating from a Hold rating. Our upgrade is based on two factors. The first is that a significant part of our Hold rating was based on our concern that SMA would not be able to meet their 2012 revenue and adjusted EPS guidance. Our concern was that SMA would have to lower guidance at some point in 2012. SMA recently lowered their revenue guidance range for 2013 to $410 million to $415 million from a previous range of $410 million to $425 million. Our 2012 revenue estimate is $410 million and it remains unchanged."

Symmetry Medical closed at $8.54 on Thursday.

Latest Ratings for SMA

DateFirmActionFromTo
Aug 2014Northcoast ResearchUpgradesNeutralBuy
Feb 2014WunderlichTerminatesBuy
Dec 2013WunderlichMaintainsBuy

View More Analyst Ratings for SMA
View the Latest Analyst Ratings

Posted-In: BenchmarkAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (SMA)

Around the Web, We're Loving...

Get Benzinga's Newsletters