Canaccord Genuity Starts Novadaq Technologies (NVDQ) at Buy

October 19, 2012 7:47 AM EDT
Get Alerts NVDQ Hot Sheet
Price: $6.46 -0.15%

Rating Summary:
    11 Buy, 3 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Canaccord Genuity initiates coverage on Novadaq Technologies (NASDAQ: NVDQ) with a Buy. PT $15.00.

The analyst comments, "Novadaq possesses a unique technology that we believe could become a standard-of-care intra-operative imaging modality across multiple open and minimally-invasive surgical applications. We think the most appropriate relative comparisons to use to value NVDQ are other high-growth med-tech companies whose technologies possess similar attributes – i.e., established or emerging standard of care, addresses nascent growth markets, and is improving outcomes for patients. What’s more, we think NVDQ will supply more proof that its technology provides cost savings for the hospital, which is becoming increasingly important in today’s healthcare environment."

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

Shares of Novadaq Technologies closed at $11.46 yesterday.

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