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2017-05-17 18:51:39 GMED Globus Medical $31.24 -0.46 (-1.45%) 18:51 05/17/17 05/17 18:51 05/17/17 18:51	Globus weakness on filing delay a buying opportunity, says Piper Jaffray In a research note titled "Regulatory Filing Delayed; Here Comes the Classic Med Tech Over-reaction...," Piper Jaffray analyst Matt O'Brien recommends using the pullback in shares of Globus Medical as an opportunity to build positions in the name. Globus in after-hours trading is down 10%, or $3.24, to $28.00 after disclosing that the FDA informed the company it had not sufficiently addressed questions on its new robotic system. After speaking with management, O'Brien views the development as more of a timing issue in terms of when, and not if, Globus will obtain approval. He believes not much has changed with the story and keeps an Overweight rating on the name.
GMED Globus Medical $31.24 -0.46 (-1.45%) 05/04/17 ADAM 05/04/17 UPGRADE Target $37 ADAM Buy Globus Medical upgraded to Buy at Canaccord As reported previously, Canaccord analyst Kyle Rose upgraded Globus Medical to Buy from Hold on improving fundamentals and the company reaching an inflection point in its core business. The analyst said he sees upside to guidance weighted to the second half of the year as the U.S. business stabilizes, management executes, and regulatory clearances for emerging technologies progress. Rose raised his price target to $37 from $30 on Globus Medical shares. 05/04/17 ADAM 05/04/17 UPGRADE ADAM Buy Globus Medical upgraded to Buy from Hold at Canaccord 04/24/17 LEHM 04/24/17 DOWNGRADE Target $32 LEHM Equal Weight Mazor Robotics downgraded to Equal Weight from Overweight at Barclays Barclays analyst Matthew Taylor downgraded Mazor Robotics (MZOR) to Equal Weight citing valuation following the recent rally in the shares. The analyst raised his price target for the stock to $32 from $31. Taylor this morning also downgraded Globus Medical (GMED) to Underweight after surveying 51 U.S. spine surgeons. He views the survey as positive for NuVasive (NUVA), K2M Group (KTWO) and Medtronic (MDT). 04/24/17 LEHM 04/24/17 DOWNGRADE Target $28 LEHM Underweight Globus Medical downgraded to Underweight from Equal Weight at Barclays Barclays analyst Matthew Taylor downgraded Globus Medical to Underweight after his survey of 51 U.S. spine surgeons indicated share losses for the company. The analyst believes Street estimates are too high. He raised his price target for the shares to $28 from $24.

2017-05-17 18:51:39

GMED

Globus Medical

$31.24: -0.46 (-1.45%)

18:51

05/17/17

05/17

18:51

05/17/17

18:51

Globus weakness on filing delay a buying opportunity, says Piper Jaffray

In a research note titled "Regulatory Filing Delayed; Here Comes the Classic Med Tech Over-reaction...," Piper Jaffray analyst Matt O'Brien recommends using the pullback in shares of Globus Medical as an opportunity to build positions in the name. Globus in after-hours trading is down 10%, or $3.24, to $28.00 after disclosing that the FDA informed the company it had not sufficiently addressed questions on its new robotic system. After speaking with management, O'Brien views the development as more of a timing issue in terms of when, and not if, Globus will obtain approval. He believes not much has changed with the story and keeps an Overweight rating on the name.

GMED Globus Medical

$31.24: -0.46 (-1.45%)

05/04/17: ADAM

05/04/17: ADAM

04/24/17: LEHM

04/24/17: LEHM

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Globus weakness on filing delay a buying opportunity, says Piper Jaffray

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