Loewen Ondaatje McCutcheon Reiterates Buy Rating, $7.50 PT on BioMimetic Therapeutics
In a report published Monday, Loewen Ondaatje McCutcheon reiterated its Buy rating and $7.50 price target on BioMimetic Therapeutics (NASDAQ: BMTI).
Loewen Ondaatje McCutcheon noted, “Overall, our views are mixed on the acquisition of BMTI by Wright Medical. On the positive side, the valuation is roughly in line with our base case outlook for BMTI shares if Augment were approved in 2013 (i.e., EV/share of approximately $8.40).”
BioMimetic Therapeutics closed on Friday at $4.15.
Latest Ratings for BMTI
|Mar 2013||Wells Fargo||Terminates||Neutral|
|Nov 2012||Loewen, Ondaatje, McCutcheon||Downgrades||Buy||Hold|
|Oct 2012||Loewen, Ondaatje, McCutcheon||Initiates Coverage on||Buy|
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