New York's ConMed Ripe for M&A Spree, Says Analyst
ConMed could be poised for some merger & acquisition activity as new management engineers a turnaround, according to a Wall Street analyst.
ConMed (NSDQ:CNMD), in the middle of an under-appreciated turnaround, could be poised to augment its growth via selective acquisitions, according to Leerink Partners analyst Richard Newitter.
Newitter, who upgraded CNMD shares to "outperform" and boosted the price target to $64 from $60, wrote in a note to investors yesterday that ConMed's "turnaround and 2-3 yr sales/EPS growth prospects are underappreciated."
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ConMed (NSDQ:CNMD), in the middle of an under-appreciated turnaround, could be poised to augment its growth via selective acquisitions, according to Leerink Partners analyst Richard Newitter.
Newitter, who upgraded CNMD shares to "outperform" and boosted the price target to $64 from $60, wrote in a note to investors yesterday that ConMed's "turnaround and 2-3 yr sales/EPS growth prospects are underappreciated."
Help employers find you! Check out all the jobs and post your resume.