Canaccord Genuity Maintains a 'Buy' on St. Jude Medical (NYSE: STJ); Buy on Weakness
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Price: $80.82 --0%
Rating Summary:
3 Buy, 21 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 21 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on St. Jude Medical (NYSE: STJ) price target of $50.00.
Analyst, Jason R. Mills, said, "We maintain our rating and would incrementally accumulate shares on weakness heading into the HRS meeting in Boston next month. Clearly investors are concerned more negative noise could come out at HRS on Riata/Durata. On the other hand, positive update from the Durata registry could begin the “healing process” for EPs as it relates to their views on STJ’s CRM portfolio, in which case a rally in the stock could ensue, as investors may then focus attention on future CRM share gain potential and the company’s robust new product pipeline."
For an analyst ratings summary and ratings history on St. Jude Medical click here. For more ratings news on St. Jude Medical click here.
Shares of St. Jude Medical closed at $38.39 yesterday.
Analyst, Jason R. Mills, said, "We maintain our rating and would incrementally accumulate shares on weakness heading into the HRS meeting in Boston next month. Clearly investors are concerned more negative noise could come out at HRS on Riata/Durata. On the other hand, positive update from the Durata registry could begin the “healing process” for EPs as it relates to their views on STJ’s CRM portfolio, in which case a rally in the stock could ensue, as investors may then focus attention on future CRM share gain potential and the company’s robust new product pipeline."
For an analyst ratings summary and ratings history on St. Jude Medical click here. For more ratings news on St. Jude Medical click here.
Shares of St. Jude Medical closed at $38.39 yesterday.
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