Alphatec price target lowered to $17 from $19 at Piper Sandler

Piper Sandler analyst Matt O’Brien lowered the firm’s price target on Alphatec to $17 from $19 and keeps an Overweight rating on the shares. The firm notes Alphatec reported Q1 results, which beat expectations pretty much across the board. Management also raised full year guidance by more than the beat in the quarter. Piper strongly encourages investors to take advantage of any weakness in the stock.