Oppenheimer Reiterates Air Methods (AIRM) Outperform Rating

Oppenheimer analysts Michael Wiederhorn, Matt Nirenberg and Jeffrey Fedder reiterated their Outperform rating for shares of Air Methods Corporation (Nasdaq: AIRM), with a price target of $38.

The analysts believe that Air Methods Corporation's disappointing results were due to poor weather conditions and recommend buying during the stock's current weakness.

The Oppenheimer analysts wrote, "Air Methods remains well-positioned operationally, despite the impact of the severe winter on results. As a result, we believe the stock's 20%+ sell-off is unwarranted since the long-term business model is intact. Therefore, we would be buyers of AIRM and reiterate our Outperform rating."