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UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on NxStage Medical

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In a report published Friday, Jefferies & Company reiterated its Buy rating on NxStage Medical (NASDAQ: NXTM), but lowered its price target from $21.00 to $16.00.

Jefferies noted, “NXTM posted a decent 3Q. Overall HHD grew 17% but US HHD growth again decelerated (+12%) and will remain in check under the current reimbursement environment. The company outlined an increasing number of pipeline opportunities and while achieving increased reimbursement will take time, the substantial long-term HHD opportunity supports our Buy rating.”

NxStage Medical closed on Thursday at $10.61.

Latest Ratings for NXTM

DateFirmActionFromTo
Nov 2016Empire Asset ManagementInitiates Coverage OnSell
Aug 2016JefferiesMaintainsBuy
Aug 2016Canaccord GenuityMaintainsBuy

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