WR Hambrecht Reiterates Their Buy Rating on Minrad International (BUF)
BUF Hot Sheet
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Up: 22 | Down: 8 | New: 35
WR Hambrecht reiterates their Buy rating and $10 price target on Minrad International (AMEX: BUF) and highlights the stock as one of their best small-cap ideas. The firm said, "While Q2:07 results (conference call anticipated in early August) should be nothing to write home about due to the fact that they will likely continue to reflect gross margin weakness (attributed to plant inefficiencies from producing all the anesthetics on a single manufacturing line), we do anticipate revenues will come in sequentially higher (reflecting the mid-quarter timing of the U.S. sevoflurane approval)."
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