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Fly News Breaks for April 29, 2015
NUVA
Apr 29, 2015 | 11:08 EDT
Piper Jaffray believes the settlement with the Department of Health and Human Services, coupled with the recent CEO and COO departures, could fuel speculation of a takeover for NuVasive (NUVA). Piper, however, thinks investors are focused on the company's 2015 revenue guidance, which it views as attainable. It keeps an Overweight rating on NuVasive, saying the OIG settlement removes an overhang.
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