Stifel Downgrades Glaukos Corporation (GKOS) to Hold

Stifel downgraded Glaukos Corporation (NYSE: GKOS) from Buy to Hold with a price target of $32.00 (from $39.00).

Analyst Jonathan Block comments "While our checks suggest the standalone pseudophakic market (likely in 2020) remains a real / large opportunity for Glaukos, we think 2019/2020 estimates have a negative bias, and as a result, lower our rating from Buy to Hold. Our 2019 revenue estimate steps down to $178MM versus Street of ~$189MM. Our cautious stance would unwind if Glaukos stabilized concomitant share sooner than expected, or we inch closer to the standalone opportunity."

For an analyst ratings summary and ratings history on Glaukos Corporation click here. For more ratings news on Glaukos Corporation click here.

Shares of Glaukos Corporation closed at $30.67 yesterday.

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