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2017-05-18 08:52:10 GMED Globus Medical $31.24 -0.46 (-1.45%) 08:52 05/18/17 05/18 08:52 05/18/17 08:52	Globus Medical robot delay a 'minor setback,' says Leerink Leerink analyst Richard Newitter calls the FDA delaying approval of Globus Medical's ExcelsiusGPS robotic guidance system a "minor setback." The analyst views the issue as timing more than anything else and continues to have confidence in the company's organic revenue growth acceleration prospects. He recommends buying Globus shares on weakness and reiterates an Outperform rating on the name.
GMED Globus Medical $31.24 -0.46 (-1.45%) 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). 05/04/17 ADAM 05/04/17 UPGRADE ADAM Buy Globus Medical upgraded to Buy from Hold at Canaccord 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. 05/17/17 PIPR 05/17/17 NO CHANGE PIPR Overweight 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.

2017-05-18 08:52:10

GMED

Globus Medical

$31.24: -0.46 (-1.45%)

08:52

05/18/17

05/18

08:52

05/18/17

08:52

Globus Medical robot delay a 'minor setback,' says Leerink

Leerink analyst Richard Newitter calls the FDA delaying approval of Globus Medical's ExcelsiusGPS robotic guidance system a "minor setback." The analyst views the issue as timing more than anything else and continues to have confidence in the company's organic revenue growth acceleration prospects. He recommends buying Globus shares on weakness and reiterates an Outperform rating on the name.

GMED Globus Medical

$31.24: -0.46 (-1.45%)

04/24/17: LEHM

05/04/17: ADAM

05/04/17: ADAM

05/17/17: PIPR

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Globus Medical robot delay a 'minor setback,' says Leerink

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