Barclays analyst Matt Miksic raised the firm’s price target on Alphatec (ATEC) to $20 from $19 and keeps an Overweight rating on the shares. After exceeding Street expectations for sales growth, EBITDA, and easing working capital and capex, Alphatec looks on track to be cash flow positive in Q4 and free cash flow breakeven with double-digit EBITDA margins in 2025, the analyst tells investors in a research note.
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