UPDATE: Canaccord Genuity Starts TearLab (TEAR) at Buy; Large Market Opportunity
Get Alerts TEAR Hot Sheet
Price: $0.06 --0%
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 16 | New: 3
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 16 | New: 3
Join SI Premium – FREE
(Updated - August 29, 2012 8:48 AM EDT)
Canaccord Genuity initiates coverage on TearLab (NASDAQ: TEAR) with a Buy. PT $6.00.
Analyst, Jeffrey Frelick, said, "Physician survey highlights opportunity for TearLab. We conducted a survey of 34 US ophthalmologists, with the majority responding that approximately 40-50% of their patients present with dry eye disease. We would also note that the majority use a diagnostic test to confirm DED; however, only 17% stated they are very familiar with the TearLab Osmolarity System, presenting an opportunity for this new technology."
"The US markets potential alone includes 50,000 eye specialists who see on average six dry eye patients per day, equating to a $1.8 billion opportunity."
For an analyst ratings summary and ratings history on TearLab click here. For more ratings news on TearLab click here.
Shares of TearLab closed at $3.24 yesterday.
Canaccord Genuity initiates coverage on TearLab (NASDAQ: TEAR) with a Buy. PT $6.00.
Analyst, Jeffrey Frelick, said, "Physician survey highlights opportunity for TearLab. We conducted a survey of 34 US ophthalmologists, with the majority responding that approximately 40-50% of their patients present with dry eye disease. We would also note that the majority use a diagnostic test to confirm DED; however, only 17% stated they are very familiar with the TearLab Osmolarity System, presenting an opportunity for this new technology."
"The US markets potential alone includes 50,000 eye specialists who see on average six dry eye patients per day, equating to a $1.8 billion opportunity."
For an analyst ratings summary and ratings history on TearLab click here. For more ratings news on TearLab click here.
Shares of TearLab closed at $3.24 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- META to capture largest share of users, SNAP to benefit from ad budget shifts - Canaccord Genuity weighs in on TikTok ban
- Ladenburg Thalmann Starts Spire (SR) at Neutral
- Scotiabank Starts Rapid7 (RPD) at Sector Perform
Create E-mail Alert Related Categories
New CoverageRelated Entities
Canaccord GenuitySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!