Rodman & Renshaw Initiates NuVasive at Market Perform (NUVA)

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By Chip Brian, SmarTrend Analytics Team

01/08/2010-NuVasive (NASDAQ:NUVA) was initiated at Rodman & Renshaw Friday with a Market Perform.

The firm says NuVasive’s position as the #5 player in spine surgery sector mandates its rating.

Furthermore, the firm says the spine surgery sector currently is valued at $8 billion and has favorable growth drivers such as the aging population and rising obesity behind it.

However, the firm remains cautious due to its belief that a market-wide shock could have a multiplier effect on NuVasive given its lack of diversification.

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