Abiomed (ABMD) Tops Q1 EPS by 12c

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Piper Jaffray Raises Price Target on Abiomed (ABMD) Following 1Q16

August 5, 2015 10:15 AM EDT

Piper Jaffray reiterated a Neutral rating on ABIOMED (NASDAQ: ABMD), and raised the price target to $85.00 (from $71.00), following 1Q16 results. Abiomed reported F1Q16 revenue of $73.4M vs. consensus $66.0M. Management plans to provide a business update including a 5-year plan and pipeline update at its August 11 investor... More