Jefferies Has Buy On Hanger Orthopedic (NYSE: HGR)

Jefferies & Co. has a Buy rating and a $27 price target on shares of Hanger Orthopedic HGR. In a note sent to clients, Jefferies writes, "We are initiating research coverage of Hanger Orthopedic, Inc. with a Buy and a $27/share PT. HGR is the largest operator of orthotic and prosthetic (O&P) patient care centers in the U.S., with ~700 locations in 45 states. HGR is also the largest distributor of O&P supplies, the only manager of O&P benefits that caters to managed care plans, and the only provider of comprehensive clinical programs and proprietary equipment for rehab therapy providers (i.e., SNFs)." Shares of HGR gained 13 cents yesterday to close at $21.67.