ABIOMED (ADMD) PT Raised to $145 at Jefferies Following NDR

August 9, 2016 6:47 AM EDT
Get Alerts ABMD Hot Sheet
Price: $124.85 -0.34%

Rating Summary:
    11 Buy, 2 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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Jefferies analyst Raj Denhoy reiterated a Buy rating and lifted his price target on ABIOMED (NASDAQ: ABMD) to $145.00 (from $130.00) after hosting management for a series of meetings.

Denhoy commented, "As can be expected for a company that is growing revenue 40%+ and for a stock that has increased 33% this year (after 137% last year), the discussions focused on the sustainability of the company’s growth prospects. The outlook remains very encouraging and we offer some observations below. ABMD remains a top pick."

For an analyst ratings summary and ratings history on ABIOMED click here. For more ratings news on ABIOMED click here.

Shares of ABIOMED closed at $120.26 yesterday.

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