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Fly News Breaks for March 15, 2018
NUVA
Mar 15, 2018 | 06:23 EDT
After meeting with management, Piper Jaffray analyst Matt O'Brien encourages investors to start positions in NuVasive. While the company's salesforce faces some defections, the churn rate is close to the lowest in history and the group is "fairly steady," O'Brien tells investors in a research note. He views NuVasive's 2018 U.S. Hardware guidance as "reasonable, if not conservative," and thinks headwinds in 2017 should not be as severe in 2018. The analyst keeps an Overweight rating on NuVasive with a $90 price target.
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