Jefferies analyst Anthony Petrone believes a sale of Analogic is likely imminent after the company did not update its guidance or take questions on the earnings conference call due to "status of the sale process." Following the outperformance in Q2, Analogic's guidance is now "ultra-conservative," Petrone tells investors in a research note. He upped his price target for the shares to $95 from $80 and keeps a Hold rating on the name. The analyst's leveraged buyout valuation suggests an $88-$102 per share takeout price for Analogic. He believes an "aggressive cost scenario" supports a $102 per share buyout valuation.