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In a report published Monday, Bank of America analyst Lennox Ketner reiterated a Neutral rating on Hologic HOLX and lowered its price objective from $24 to $21.
In the report, Bank of America cited that its new price objective, “equtes to 10x our new CY14 EBITDA estimate of $981mm. This is a slight premium to the medtech average of 9x, given HOLX's slightly higher top-line and earnings growth outlook over the next few years.”
Hologic closed Monday at $20.65.
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