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Lazard Downgrades Cardica (CRDC) to Hold

April 13, 2009 10:48 AM EDT
CRDC Hot Sheet
Rating Summary:
    2 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
Lazard Capital Markets downgrades Cardica (Nasdaq: CRDC) from Buy to Hold.

Shares of Cardica appear to be trading down on the downgrade this morning. The stock is currently down 5.7% to $2.74.

Click here to see all the analyst upgrades/downgrades on Cardica in real-time

Cardica, Inc. designs, manufactures, and markets proprietary automated anastomotic systems used by surgeons to perform coronary artery bypass surgery.

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