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UPDATE: Benchmark Company Reiterates Buy Rating, Lowers PT on Analogic Corporation

Related ALOG
Earnings Scheduled For September 19, 2017
Benzinga's Top Upgrades, Downgrades For August 9, 2017

In a report published Wednesday, Benchmark Company reiterated its Buy rating on Analogic Corporation (NASDAQ: ALOG), but lowered its price target from $90.00 to $87.00.

Benchmark Company noted, “We are transitioning coverage of ALOG from the Defense & Homeland Security industry to the Medical Device industry. We believe that this transition better represents ALOG's business model, as 88% of ALOG's fiscal 2012 revenue was driven by their Medical Imaging and Ultrasound business while 12% of ALOG's revenue was driven by Security Technology.”

Analogic Corporation closed on Tuesday at $73.07.

Latest Ratings for ALOG

Aug 2017JefferiesInitiates Coverage OnHold
Dec 2016BenchmarkDowngradesBuyHold
Sep 2016Brean CapitalMaintainsBuy

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