Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (3318)	3/15/2013 12:45:27 PM
From: richardred	Respond to of 7242

FWIW at face value-Obagi Medical Products (NASDAQ: OMPI) was upgraded by analysts at Cantor Fitzgerald from a hold rating to a buy rating. They currently have $19.00 price target on the stock, up from their previous price target of $15.00. The analysts wrote, “We think Obagi remains an attractive target in a space rife with consolidation. Management’s “advisor” disclosure coupled with a potentially win-able proxy contest may heighten investor anticipation of an M&A event and we view management’s nervousness about competition as conducive to a deal. We therefore incorporate a 50% probability of company takeout in the $21 range (4x 2013 sales) into our valuation which results in our upgrade and blended $19 PT.” zolmax.com