Skincare products vendor PhotoMedex (PHMD +7.3%) rallies after Canaccord starts coverage with a...

|By:, SA News Editor

Skincare products vendor PhotoMedex (PHMD +7.3%) rallies after Canaccord starts coverage with a Buy and $22 PT. The firm sees PhotoMedex's merger with Radiancy delivering both revenue and cost synergies, and expects consumer sales to drive near-term growth.