Market Overview

UPDATE: JP Morgan Raises PT to $20 on NuVasive; 2013 Outlook Likely Conservative

Share:
Related NUVA
Piper Jaffray Met With NuVasive Management And Came Away 'Still Confident'
Goldman Sachs' New Pair Trade? Bull Zeltiq Aesthetics, Bear NuVasive
NuVasive, Inc. - A 'Super GAP' Stock With A $65 Price Target (Seeking Alpha)

JP Morgan maintained NuVasive (NASDAQ: NUVA) with a Neutral rating and raised the price target from $17.00 to $20.00.

JP Morgan noted, "After taking into account expected contributions from both the PCM cervical disc ($3-5M) and Japan ($10M), where Nuvasive recently launched, management's $655M forecast implies growth of just 3-4% from the company's base business. This strikes us as overly conservative, coming on the heels of a better-than-feared 4Q performance, and likely reflects management's desire to set a low bar following three straight years of volatile performance from the business."

NuVasive closed at $17.27 on Monday.

Latest Ratings for NUVA

DateFirmActionFromTo
Jul 2015Brean CapitalMaintainsBuy
Jul 2015Northland SecuritiesUpgradesMarket PerformOutperform
Jul 2015BarclaysMaintainsEqual-weight

View More Analyst Ratings for NUVA
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Price Target Analyst Ratings

 

Related Articles (NUVA)

View Comments and Join the Discussion!

Get Benzinga's Newsletters