Obagi Medical (OMPI +7.7%) moves up today after topping Q4 estimates late yesterday. Looking...

|About: Obagi Medical Products, Inc. (OMPI)|By:, SA News Editor

Obagi Medical (OMPI +7.7%) moves up today after topping Q4 estimates late yesterday. Looking forward, the company sees FY13 earnings of $0.80 to $0.84 per share on $126M to $130M. The Street is at $0.88 per share and $128.31M in revenue. Cantor Fitzgerald upgraded the shares to Buy on the back of the report and raised its price target from $15.00 to $19.00, noting a 50% probability of a takeout in the $21 range.