Alphatec price target raised to $25 from $18 at Stifel

Stifel analyst Mathew Blackman raised the firm’s price target on Alphatec to $25 from $18 and keeps a Buy rating on the shares. The company’s Q2 report “followed a similar script to recent strong prints, with all the elements that should support a higher valuation,” the analyst tells investors in a post-earnings note. Alphatec remains “one of the few stories we cover with meaningful revenue, P&L, and multiple upside,” the analyst added.