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Fly News Breaks for October 26, 2016
NUVA
Oct 26, 2016 | 08:21 EDT
Leerink analyst Richard Newitter expects NuVasive to see pressure following a Q3 revenue miss and lowered sales outlook. However, the analyst recommends buying the weakness as he believes the margin expansion story is very much intact and issues behind the Q3 miss/lowered Q4 outlook should prove isolated/transient. Newitter reiterates an Outperform rating on the stock, and lowered his price target on the shares to $73 from $77.
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