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Fly News Breaks for April 2, 2015
ZLTQ
Apr 2, 2015 | 07:29 EDT
Stifel believes that ZELTIQ has several favorable upcoming catalysts, including the launch of its new CoolMini applicator targeting submental fat. slated to take place in Q4 and the launch of its colder temperature technology for legacy applicators in 2016. The firm thinks the latter initiative could enable the company to raise consumable prices and result in a hardware opportunity. The firm's Q1 checks on the company are positive and it keeps a $38 price target and Buy rating.
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