Roth Capital lowered the firm’s price target on Globus Medical (GMED) to $105 from $115 and keeps a Buy rating on the shares. The company reported a weaker-than-expected Q1, with net sales missing consensus, as results were impacted by softer enabling tech sales, integration-related supply chain issues, and timing of international distributor orders, the analyst tells investors in a research note.
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Read More on GMED:
- Globus Medical price target lowered to $80 from $100 at Piper Sandler
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- Globus Medical Faces Challenges: Hold Rating Amid Revenue Miss and Cautious Outlook
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