Needham & Company Starts C.R. Bard, Inc. (BCR) at Hold

September 4, 2013 7:32 AM EDT
Get Alerts BCR Hot Sheet
Price: $231.88 -1.24%

Rating Summary:
    10 Buy, 17 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Needham & Company initiates coverage on C.R. Bard, Inc. (NYSE: BCR) with a Hold rating.

Analyst Mike Matson comments, "BCR is using an anticipated windfall from a patent settlement to accelerate investments in emerging markets and R&D with the hope of increasing its revenue growth. Additionally, its Lutonix drug-coated balloon has potential to become a significant growth driver. But since we do not believe that BCR's valuation adequately discounts the risks associated with these efforts we are initiating coverage with a Hold rating."

For an analyst ratings summary and ratings history on C.R. Bard, Inc. click here. For more ratings news on C.R. Bard, Inc. click here.

Shares of C.R. Bard, Inc. closed at $114.66 yesterday.

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