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STJ

Acquired by ABT

$80.86

0.12 (0.15%)

08:01
10/10/16
10/10
08:01
10/10/16
08:01

St. Jude Medical announces FDA clearance of PressureWire X Guidewire

St. Jude Medical announced the U.S. clearance and launch of the company's new PressureWire X Guidewire fractional flow reserve measurement system. The latest generation of the pioneering PressureWire Guidewire system is designed to offer improved shapeability and better shape retention aimed at reducing vessel trauma, with the accuracy and simplicity physicians expect when treating patients during percutaneous coronary intervention, especially those with complex anatomies.

  • 19

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  • 26

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STJ Acquired by ABT
$80.86

0.12 (0.15%)

08/29/16
RHCO
08/29/16
NO CHANGE
RHCO
St. Jude Medical deal unlikely to be impacted by negative report, says SunTrust
After Muddy Waters discussed weaknesses in St. Jude's (STJ) cybersecurity ecosystem, SunTrust analyst Bruce Nudell does not expect the company's CRM products to be recalled and does not believe that its Merlin remote monitoring system will be disabled. Consequently, the analyst does not expect the company's pending acquisition by Abbott (ABT) to be terminated or re-priced. The analyst keeps a Neutral rating on St. Jude.
08/29/16
FBCO
08/29/16
NO CHANGE
FBCO
St. Jude Medical can fix security deficiencies, says Credit Suisse
After speaking with "a developer of software used in drugs/devices" about Muddy Waters' security concerns regarding St. Jude's CRM system, Credit Suisse analyst Matthew Keeler says the consultant believes that the security deficiencies,can be fixed. According to the consultant, the deficiencies can be fixed using a five to ten person team working for about three months, Keeler stated. Keeler does not think that St. Jude's pending acquisition by Abbott (ABT) will be impacted by Muddy Waters' report. He keeps an $81 price target and Neutral rating on St. Jude.
09/08/16
PIPR
09/08/16
NO CHANGE
Target $82
PIPR
Neutral
Piper sees little reason to believe St. Jude deal will not close
Piper Jaffray analyst Brooks West says cybersecurity expert Mark Lanterman during a conference call yesterday refuted security claims by MedSec and Muddy Waters against St. Jude Medical's (STJ) pacemakers, defibrillators and Merlin monitoring system. Lanterman stated that there is "not much meat on the bone" to the MedSec claims and the quality of the analysis, West tells investors in a research note. He notes that Abbott (ABT) yesterday at a competitor conference earlier stated the St. Jude acquisition was progressing toward a close before year-end. The analyst sees little reason to believe the transaction will not close in the planned timeframe. West reiterates a Neutral rating on St. Jude.
09/19/16
JEFF
09/19/16
NO CHANGE
Target $48
JEFF
Buy
Abbott unit sale does not impact Alere transaction, says Jefferies
Jefferies analyst Jeffrey Holford believes Abbott's (ABT) sale of its Medical Optics business to Johnson & Johnson (JNJ) does not imply an increased probability that the Alere (ALR) deal will close. After speaking to Abbott management, Holford thinks the proceeds from the sale are more likely to be targeted towards the St. Jude Medical (STJ) acquisition. He believes that deal has a higher probability of closing than Alere. Holford has a Buy rating on Abbott with a $48 price target.

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