Why Hologic's Stock Is Trading Higher Today

Hologic HOLX shares were trading higher Tuesday after Cowen  upgraded the stock from Market Perform to Outperform and announced a price target of $64 per share.

Hologic manufactures proprietary products for the healthcare needs of women. The company operates in five segments: breast health (44% of sales), diagnostics (39%) surgical (14%), and skeletal health (3%).

While the company traditionally focused on breast health, the acquisition of Gen-Probe put greater emphasis on commercial diagnostics. The United States accounts for the largest portion of the firm's revenue (74%), followed by Europe (12%), Asia (9%), and other international markets (5%). Hologic is headquartered in Bedford, Massachusetts.

Hologic shares were trading up 6.75% at $56.93 at the time of publication Tuesday. The stock has a 52-week high of $56.75 and a 52-week low of $26.49.