Brean Murray Carret & Co. Starts Covidien Ltd (COV) at Hold

June 15, 2011 7:11 AM EDT
Get Alerts COV Hot Sheet
Price: $106.71 --0%

Rating Summary:
    12 Buy, 9 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 19 | Down: 19 | New: 13
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Brean Murray Carret & Co. initiates coverage on Covidien Ltd (NYSE: COV) with a Hold.

Brean analyst says, "COV shares have outperformed the group YTD, reflecting increased optimism on the organic growth trajectory for Med Devices, and overall earnings trajectory...We would revisit our rating should our coviction in the velocity of revenue momentum increase."

For more ratings news on Covidien Ltd click here and for the rating history of Covidien Ltd click here.

Shares of Covidien Ltd closed at $54.13 yesterday.

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