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VASC

Vascular Solutions

$47.53

-0.33 (-0.69%)

16:06
10/04/16
10/04
16:06
10/04/16
16:06

Vascular Solutions issues recall of Twin-Pass catheters

Vascular Solutions initiated a nationwide recall of Twin-Pass Dual Access catheters used in catheterization procedures. All unexpired lots of the product have been recalled because there is a potential for excess manufacturing material to remain at the tip of the catheter or within the distal portion of the rapid exchange lumen. It is possible that the excess material may separate from the catheter during use and pose a potential risk of embolism, which could result in serious injury or death. No injuries have been reported in association with this issue to date. The recalled products were manufactured from October 2014 to August 2016 and distributed from October 2014 to September 2016. The FDA classified this as a Class I recall. FDA defines Class I recalls as "a situation in which there is a reasonable probability that the use of, or exposure to, a violative product will cause serious adverse health consequences or death."

VASC Vascular Solutions
$47.53

-0.33 (-0.69%)

07/12/16
SIDC
07/12/16
DOWNGRADE
SIDC
Neutral
Vascular Solutions downgraded to Neutral from Buy at Sidoti
Sidoti downgraded Vascular Solutions to Neutral based on valuation and maintained its $47 price target.
07/26/16
ADAM
07/26/16
NO CHANGE
Target $47
ADAM
Buy
Vascular Solutions price target raised to $47 from $41.50 at Canaccord
Canaccord raised its price target on Vascular Solutions to $47 from $41.50. The firm recommends investors remain overweighted in the name and would add to positions on any pullbacks. Canaccord cited its recent growth during tough comps. With easier comps coming in the second half of the year, the company is on track to produce its 13th consecutive year of double digit sales growth, the firm noted.
09/26/16
PIPR
09/26/16
NO CHANGE
Target $56
PIPR
Overweight
Vascular Solutions price target raised to $56 from $49 at Piper Jaffray
Piper Jaffray analyst Brooks West raised his price target for Vascular Solutions to $56 after hosting investor meetings with management. Investors should continue to add or initiate positions in Vascular as the stock remains undervalued, West tells investors in a research note. The shares reflect modest, if any, value for the "compelling" RePlas and large bore product opportunities, the analyst contends. He keeps an Overweight rating on Vascular Solutions.

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