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Bear of the Day

Syneron Medical, Ltd. (ELOS)

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June 02, 2009 | Comment(s): 0
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ELOS

Syneron Medical, Ltd. (ELOS - Snapshot Report) competes in the very competitive aesthetic devices market. With more than half of its sales derived from the United States, a weak economic outlook leads us to believe that sales growth will slow. As a result, we have reduced our revenue and EPS estimates.

Given the largely discretionary nature of the aesthetics laser business, the outlook could weaken further given current trends in the global economy. We are reducing out target price and recommending a Sell rating for this stock.

Syneron Medical, Ltd. (ELOS) : FULL ANALYST REPORT

Bear of the Day
Every day we feature one stock with a Zacks Recommendation of Sell that is set to underperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy and Sell rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on ELOS

 

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