Oscar Gruss Upgrades Given Imaging Ltd. (GIVN) to Buy

June 23, 2009 11:26 AM EDT

Oscar Gruss upgrades Given Imaging Ltd. (Nasdaq: GIVN) from Hold to Buy. Price target increased from $9 to $11.

Oscar analyst says, "The common argument persists that GIVN’s future depends largely on the success of its Colon 2 capsules. We view positive results of trials as an essential milestone in the company’s roadmap and long term growth, as well as a key catalyst for its potential acquisition. We anticipate however, negligible financial contribution from this product in the near term. We believe that GIVN offers a worthy risk/reward opportunity, suited for investors with a long term outlook and no “peptic ulcer”...When focusing on the company's core activity we note that GIVN's sales and distribution channel is secondary only to Olympus (in the US Gastroenterologist market) and we believe that the company, as supported by a wide stations base, can maintain its leverage, thus increasing market share in tandem with improving margins."

To see more analyst ratings on GIVN Click Here.

Given Imaging Ltd. develops, manufactures and markets diagnostic products for the visualization and detection of disorders of the gastrointestinal tract.


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