Needham Initiates K2M Group Holdings With Buy

Needham initiated coverage on K2M Group Holdings Inc KTWO with a Buy rating. The target price for K2M Group Holdings is set to $30. K2M Group Holdings shares have gained 56.22 percent over the past 52 weeks, while the S&P 500 index has surged 5.35 percent in the same period. K2M Group Holdings' shares rose 3.11 percent to close at $23.87 yesterday.