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Benchmark Company Reiterates Buy Rating, $87 PT on Analogic Corporation

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Earnings Scheduled For June 4, 2015
UPDATE: Brean Capital Upgrades Analogic Following Marketing Day

In a report published Wednesday, Benchmark Company reiterated its Buy rating and $87.00 price target on Analogic Corporation (NASDAQ: ALOG).

Benchmark Company noted, “We believe that there is the opportunity for expense reductions in general and administrative expenses. We also believe, to a smaller degree that there is an opportunity for expense reductions in both manufacturing expenses and in research and development expenses. We do not believe that ALOG will focus on expense reductions within sales and marketing as the larger distribution channel is a driver in this transaction. Ultrasonix is a profitable company and while we believe that ALOG made the acquisition to gain the expanded product line and the expanded distribution channel, we also believe that over time, ALOG will be able to reduce expenses where there is overlap. We believe Ultrasonix had approximately 130 employees.”

Analogic Corporation closed on Tuesday at $74.60.

Latest Ratings for ALOG

DateFirmActionFromTo
Mar 2015Wells FargoUpgradesMarket PerformOutperform
Mar 2015Brean CapitalUpgradesHoldBuy
Sep 2014Brean CapitalDowngradesBuyHold

View More Analyst Ratings for ALOG
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Posted-In: Benchmark CompanyAnalyst Color Reiteration Analyst Ratings

 

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