Women's Health-Focused Hologic Has Significant Capacity For Expansion Via M&A, Bullish Analyst Says
Portfolio Pulse from Vandana Singh
Stephens initiated coverage on Hologic Inc (NASDAQ:HOLX) with an Overweight rating and a price target of $87, citing its strong position in women's health and potential for growth through M&A. The analyst expects 5%-7% near-term growth and highlights M&A as crucial for long-term growth.
June 27, 2024 | 6:43 pm
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Stephens initiated coverage on Hologic Inc with an Overweight rating and a price target of $87. The analyst highlights Hologic's strong position in women's health, consistent revenue growth, and potential for expansion through M&A. Near-term growth of 5%-7% is expected, with long-term growth dependent on successful M&A activities.
Stephens' initiation of coverage with an Overweight rating and a price target of $87 is a positive signal for investors. The analyst's emphasis on Hologic's strong position in women's health, consistent revenue growth, and potential for expansion through M&A suggests a bullish outlook. Near-term growth of 5%-7% is expected, and successful M&A activities could drive long-term growth and multiple expansions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100