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UPDATE: SunTrust Robinson Humphrey Reiterates on Hologic as Deterioration Story Gains Momentum

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In a report published Tuesday, SunTrust Robinson Humphrey analyst Amit Hazan reiterated a Reduce rating on Hologic (NASDAQ: HOLX), but lowered the price target from $17.00 to $15.00.

In the report, SunTrust Robinson Humphrey noted, “New guidance for FY14 reflects the reality of deteriorating end markets and only the beginning of significant margin pressure in the years ahead. Declining EBITDA and a two year delay in leverage target guidance are similarly of high concern. Hopes for a return to growth by FY15 look entirely unrealistic to us, and we lower our PT from $17 to $15 in order to reflect what we view as notably greater risk.”

Hologic closed on Monday at $22.90.

Latest Ratings for HOLX

DateFirmActionFromTo
Aug 2017BarclaysMaintainsOverweight
Aug 2017Deutsche BankMaintainsBuy
Aug 2017Goldman SachsMaintainsBuyBuy

View More Analyst Ratings for HOLX
View the Latest Analyst Ratings

Posted-In: Amit Hazan SunTrust Robinson HumphreyAnalyst Color Price Target Analyst Ratings

 

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