Piper Jaffray analyst Matt O'Brien raised his price target for SeaSpine to $20 from $16 after the company pre-announced Q3 revenues that beat consensus, prompting management to increase its FY18 outlook. The momentum in the quarter was driven by strong market uptake of recently launched products generated by an increasingly exclusive and engaged distributor network, he notes, pointing out that this exemplifies management's execution of a turnaround strategy established three years ago post-spin by first increasing the mindshare of SeaSpine's products within its distributor network as well as attracting new distributor partners with a robust product suite. O'Brien reiterates an Overweight rating on the shares.