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Alphatec price target raised to $15 from $13 at Piper Sandler

Piper Sandler analyst Matt O’Brien raised the firm’s price target on Alphatec (ATEC) to $15 from $13 and keeps an Overweight rating on the shares. The firm notes the company reported Q1 results that beat expectations on revenue and adjusted EBITDA. Management also raised full year guidance by more than the beat in the quarter.

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