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

In a report published Friday, Benchmark Company reiterated its Buy rating and $87.00 price target on Analogic Corporation

. Benchmark Company noted, “ALOG announced that the company completed the Ultrasonix Medical acquisition. Ultrasonix Medical is a supplier of advanced ultrasound systems for the point-of-care and general imaging markets with over 5,000 systems installed worldwide. We believe that this acquisition brings multiple benefits including an expanded product line, additional customers for cross-selling opportunities and an expanded sales channel including the sales and marketing infrastructure.” Analogic Corporation closed on Thursday at $74.00.