Alphatec price target raised to $17 from $15 at Stifel

Stifel raised the firm’s price target on Alphatec (ATEC) to $17 from $15 and keeps a Buy rating on the shares following Q4 results. The firm noted that results suggest the profitability story is on-plan, and guidance calls for another year of “outsized” growth and “significant” EBITDA leverage. Alphatec can leverage the power of the EOS platform to pull-in incremental sales at increasing contribution margin, sustaining above-market growth and with improving profitability, Stifel tells investors in a research note.