Canaccord Genuity on Life Sciences/Biomedical Devices & Services: Pipelines To Lead Way Through Q1
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Price: $3.81 +1.87%
Rating Summary:
9 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
9 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity on Life Sciences/Biomedical Devices & Services
Analyst, Jeffrey Frelick, said, "Our diagnostics coverage universe begins releasing earnings later this week We anticipate largely in-line results across our covered companies. In our opinion, IVD companies with large customer installed bases are best positioned to benefit from expanding test menus and thus drive consumable growth, while focusing on emerging product pipelines for our early-stage companies."
"We remain bullish on diagnostic sector - Our coverage universe is up 10% for Q1/12, slightly ahead of the Dow Jones Industrial Average and in line with S&P 500. Our favorite stocks are OraSure (Nasdaq: OSUR), Cepheid (Nasdaq: CPHD), and GenMark (Nasdaq: GNMK). We continue to believe that OSUR and CPHD merit trading at premium valuations given their differentiating technologies in POC and MDx. We view GNMK as the best emerging pure play in MDx, which is currently trading at the low end of its peer group. We believe GNMK offers significant upside potential at 3.1x sales."
Frelick does see solid results from ALR, CPHD, GNMK, Gen-Probe (Nasdaq: GPRO) and Meridian Bioscience (Nasdaq: VIVO), but Quidel's (Nasdaq: QDEL) Q1 may be soft on slow flu season.
Analyst, Jeffrey Frelick, said, "Our diagnostics coverage universe begins releasing earnings later this week We anticipate largely in-line results across our covered companies. In our opinion, IVD companies with large customer installed bases are best positioned to benefit from expanding test menus and thus drive consumable growth, while focusing on emerging product pipelines for our early-stage companies."
"We remain bullish on diagnostic sector - Our coverage universe is up 10% for Q1/12, slightly ahead of the Dow Jones Industrial Average and in line with S&P 500. Our favorite stocks are OraSure (Nasdaq: OSUR), Cepheid (Nasdaq: CPHD), and GenMark (Nasdaq: GNMK). We continue to believe that OSUR and CPHD merit trading at premium valuations given their differentiating technologies in POC and MDx. We view GNMK as the best emerging pure play in MDx, which is currently trading at the low end of its peer group. We believe GNMK offers significant upside potential at 3.1x sales."
Frelick does see solid results from ALR, CPHD, GNMK, Gen-Probe (Nasdaq: GPRO) and Meridian Bioscience (Nasdaq: VIVO), but Quidel's (Nasdaq: QDEL) Q1 may be soft on slow flu season.
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