Jefferies Remains Positive On NUVA, Lowers PT To $34 From $36

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Despite near-term challenges and uncertainty in the spine market, Jefferies said that it remains positive on the NuVasive, Inc. (NASDAQNUVA) story and believe the stock should reward long-term investors.

“We rate the shares Buy,” Jefferies writes. “NUVA released preliminary earnings this evening exceeding guidance for 2010 and narrowed 2011 revenue guidance to 10-12% from 10-20%. The company is presenting at an investor conference on Tuesday and should provide further detail.”

Jefferies has lowered its PT on NuVasive to $34 from $36.

NuVasive closed Monday at $26.44.

Read more: http://www.benzinga.com/analyst-ratings/11/01/769540/jefferies-remains-positive-on-nuva-raises-pt-to-36-from-34#ixzz1AkQuP6hF

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