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MMSI

Merit Medical

$51.20

-1.4 (-2.66%)

12:05
07/01/18
07/01
12:05
07/01/18
12:05

NinePoint Medical appoints Eman Namati to President, CEO

NinePoint Medical announced the appointment of Eman Namati to President and Chief Executive Officer. Namati succeeds Christopher von Jako, who will continue to serve on the Board of Directors as an independent member. Namati will assume day-to-day leadership at NinePoint Medical while working in collaboration with Merit Medical Systems, who now manages the sales distribution and customer service for the NvisionVLE Imaging System.

  • 12

    Jul

MMSI Merit Medical
$51.20

-1.4 (-2.66%)

05/31/18
PIPR
05/31/18
NO CHANGE
Target $52
PIPR
Overweight
Piper 'aggressive buyers' of Merit Medical amid selloff after CFO resigns
Piper Jaffray analyst Matt O'Brien said he views the selloff in shares of Merit Medical after the resignation of Bernard Birkett as CFO as "very much overdone" and encourages "aggressive buying" of the stock amid the pullback. Merit said that Birkett's departure is unrelated to any disagreements with the company and O'Brien said he doubts CEO Fred Lampropoulos will abandon the strategy to improve profitability with the CFO no longer present. O'Brien keeps an Overweight rating and $52 price target on Merit Medical shares, which are down 9% to $50.30 in late morning trading.
06/01/18
ADAM
06/01/18
NO CHANGE
Target $60
ADAM
Buy
Merit Medical selloff after CFO departure overdone, says Canaccord
Canaccord analyst Jason Mills said the selloff in Merit Medical due to the departure of its CFO is overdone. The analyst said the departure was a surprise to the company as well as Wall Street, leading him to believe its was a personal decision as opposed to something untoward about the company's financials. Mills reiterated his Buy rating and $60 price target on Merit Medical shares.
06/04/18
WELS
06/04/18
NO CHANGE
Target $58
WELS
Outperform
Merit Medical price target raised to $58 from $53 at Wells Fargo
Wells Fargo analyst Lawrence Biegelsen raised his price target for Merit Medical to $58 from $53 after hosting a business update call with management that helped reaffirm his confidence in the company's near and longer-term business prospects especially in light of last week's unexpected announcement that CFO, Bernard Birkett, was leaving Merit Medical to pursue other opportunities. The analyst reiterates an Outperform rating on the shares.
06/18/18
WELS
06/18/18
NO CHANGE
WELS
Outperform
Merit Medical could benefit from Terumo disruption, says Wells Fargo
Terumo on Friday sent a letter to customers informing them of a temporary supply disruption at one of its plants in Japan related to issues with an internal manufacturing process, Wells Fargo analyst Larry Biegelsen tells investors in a research note. Several of Terumo's guidewires and catheters products will be impacted, which creates a potential opportunity for Merit Medical Systems (MMSI), Biegelsen argues. The analyst believes Terumo's disruption represents a potential tailwind for Merit beginning in Q3, but admits it is premature to quantify the potential impact at this time. Biegelsen keeps an Outperform rating on Merit Medical.

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HRS

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KHC

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