Goldman Sachs Upgrades Thoratec (THOR) to Buy; Underestimated
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Price: $32.60 -1.9%
Rating Summary:
13 Buy, 12 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
13 Buy, 12 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade THOR Now!
Goldman Sachs upgraded Thoratec (NASDAQ: THOR) from Neutral to Buy, raises price target of $45.00.
Analyst, David H. Roman, said, "We believe Street estimates are too bearish on the potential for market expansion to more effectively defend Thoratec’s US share position. We now model 2012-2015E sales growth of 13.3% vs. consensus at 9.9% (tethered to higher aggregate market growth and share assumptions). Higher sales forecasts drive upward revisions to EPS, placing our estimates 13%, 12%, and 8% above the Street in 2013-2015E, respectively. With sustained top-line growth in the low-teens (toward the high end of our MedTech coverage), we see THOR as an attractive fundamental and strategic asset."
For an analyst ratings summary and ratings history on Thoratec click here. For more ratings news on Thoratec click here.
Shares of Thoratec closed at $33.17 yesterday, with a 52 week range of $27.84-$38.07.
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Analyst, David H. Roman, said, "We believe Street estimates are too bearish on the potential for market expansion to more effectively defend Thoratec’s US share position. We now model 2012-2015E sales growth of 13.3% vs. consensus at 9.9% (tethered to higher aggregate market growth and share assumptions). Higher sales forecasts drive upward revisions to EPS, placing our estimates 13%, 12%, and 8% above the Street in 2013-2015E, respectively. With sustained top-line growth in the low-teens (toward the high end of our MedTech coverage), we see THOR as an attractive fundamental and strategic asset."
For an analyst ratings summary and ratings history on Thoratec click here. For more ratings news on Thoratec click here.
Shares of Thoratec closed at $33.17 yesterday, with a 52 week range of $27.84-$38.07.
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