Alphatec price target lowered to $15 from $25 at Lake Street

Lake Street analyst Ben Haynor lowered the firm’s price target on Alphatec (ATEC) to $15 from $25 and keeps a Buy rating on the shares. While “sell reflexes are strong when misses occur and guidance slips,” Alphatec’s underlying adoption and utilization metrics remain “strong” and valuation is “compelling,” the analyst tells investors in a note following a “mixed” Q1 report.