Citi Defends Integra LifeSciences (IART); Says Sell-Off Overdone
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Price: $17.69 --0%
Rating Summary:
9 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 6 | New: 25
Rating Summary:
9 Buy, 15 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 6 | New: 25
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Citi's Amit Bhalla is defending Buy-rated Integra LifeSciences (Nasdaq: IART) Monday morning following Friday's 19.7 percent sell-off amid a Q4 warning and FDA letter on its Plainsborough, NJ plant.
Bhalla calls last week's sharp decline "overdone" and said he feels Integra should be able to clean up its company-specific issues in the first half of 2012, but sees macro headwinds lingering.
Bhalla reiterates his $33 price target on the stock.
On the other side of the trade Monday, Argus Research's David Toung downgraded the stock from Buy to Hold earlier.
The Argus downgrade seems to be weighing on shares of Integra Monday: the stock last traded at $24.20, down 1.2 percent from Friday's closing price.
Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Integra.
Bhalla calls last week's sharp decline "overdone" and said he feels Integra should be able to clean up its company-specific issues in the first half of 2012, but sees macro headwinds lingering.
Bhalla reiterates his $33 price target on the stock.
On the other side of the trade Monday, Argus Research's David Toung downgraded the stock from Buy to Hold earlier.
The Argus downgrade seems to be weighing on shares of Integra Monday: the stock last traded at $24.20, down 1.2 percent from Friday's closing price.
Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Integra.
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