UPDATE: Loop Capital Starts Brainsway (BWAY) at Buy

Loop Capital initiates coverage on Brainsway (NASDAQ: BWAY) with a Buy rating and a price target of $15.00.

The analyst comments "We are initiating on BWAY with a Buy rating and $15 PT. We see the company as best positioned to capitalize on growing acceptance of Transcranial Magnetic Stimulation (TMS) as a non-invasive treatment for a growing list of neurological conditions and the multi-billion-dollar TAM opportunity it represents. By investing heavily in technology and clinical development in its Deep TMS, management has created a truly differentiated platform with clinical superiority claims and multiple indications, which consistently grows faster than traditional TMS peers."

For an analyst ratings summary and ratings history on Brainsway click here. For more ratings news on Brainsway click here.

Shares of Brainsway closed at $7.85 yesterday.

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