JMP keeps LCA Vision at outperform

LCA Vision Inc. was kept at an outperform rating but with a lowered price target of $26 from $64 by JMP Securities analyst Anthony Ostrea. The company lowered its 2006 revenue and earnings guidance due primarily to the failure of increased marketing dollars to yield desired results. JMP now forecasts revenues for 2006 to 2008 of $258 million (from $268 million), $311 million (from $342 million) and $368 million (from $424 million). Shares of the Cincinnati-based laser vision correction services company were down 77 cents, or 2.48%, at $30.32. (Nasdaq: LCAV)

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