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Brean Murray Carret & Co. Starts St. Jude Medical (STJ) at Hold; ICD Exposure a Near-Term Risk & Pipeline Too Early for Us

June 15, 2011 7:13 AM EDT
Get Alerts STJ Hot Sheet
Price: $80.82 --0%

Rating Summary:
    3 Buy, 21 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 14 | New: 17
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Brean Murray Carret & Co. initiates coverage on St. Jude Medical (NYSE: STJ) with a Hold.

Brean analyst says, "Given the potential ICD risk in the near term, we think shares are fairly valued here - despite the higher-growth outlook and interesting potential in the company's pipeline over the long term."

For more ratings news on St. Jude Medical click here and for the rating history of St. Jude Medical click here.

Shares of St. Jude Medical closed at $49.13 yesterday.


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Brean Murray Carret & Co.