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Fly News Breaks for March 28, 2018
HOLX
Mar 28, 2018 | 05:14 EDT
Piper Jaffray analyst William Quirk says CynoSure lasers available for sale on eBbay (EBAY) increased in the March edition of his firm's online laser dataset. This suggests there Hologic still has work to do on the sales side to better educate current customers about the product in order to avoid newer lasers hitting the secondary market, Quirk tells investors in a research note. While more newer lasers available for sale on eBay suggests CynoSure "remains a work in process," shares of Hologic are attractive on the recent pullback, the analyst adds. He believes the company's Diagnostics and Breast Health units are driving near-term growth. Quirk keeps an Overweight rating on Hologic with a $49 price target.
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