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SRDX

Surmodics

$65.40

5.85 (9.82%)

, ABT

Abbott

$65.23

0.02 (0.03%)

09:35
08/07/18
08/07
09:35
08/07/18
09:35

Surmodics price target raised to $74 from $55 at Needham

Needham analyst Mike Matson raised his price target on Surmodics (SRDX) to $74 and kept his Buy rating after its Q3 earnings beat and raised FY18 outlook. The analyst anticipates accelerating revenue growth with more upside to consensus estimates coming from the company's new products such as the .014'' and .018" balloon dilation catheters and Telemark microcatheter, along with its deferred revenue associated with the Abbott (ABT) agreement milestones.

SRDX

Surmodics

$65.40

5.85 (9.82%)

ABT

Abbott

$65.23

0.02 (0.03%)

  • 14

    Aug

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    Aug

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    Aug

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    Aug

SRDX Surmodics
$65.40

5.85 (9.82%)

05/03/18
LSCM
05/03/18
NO CHANGE
Target $76
LSCM
Buy
Surmodics price target raised to $76 from $38 at Lake Street
Lake Street analyst Brooks O'Neil raised his price target for Surmodics (SRDX) to $76 after reconsidering the way he values the shares. The existing business is worth what the stock is trading for today, and SurVeil, the two other "high potential" products considered in the Abbott (ABT) agreement and the roughly 15 510 (K) products Surmodics is developing are worth about the same, O'Neil tells investors in a research note following the company's Q2 results. He keeps a Buy rating on the shares.
05/03/18
BRRR
05/03/18
NO CHANGE
Target $43
BRRR
Outperform
Surmodics price target raised to $43 from $38 at Barrington
Barrington analyst Michael Petusky raised his price target for Surmodics to $43 following the company's better than expected Q2 results. The analyst's sum-of-the parts methodology assigns $22.50 per share for the core business, $15.25 for the SurVeil DCB program with Abbott and adds $5.25 per share for the net cash on the balance sheet. He keeps an Outperform rating on the name.
05/16/18
NEED
05/16/18
NO CHANGE
Target $55
NEED
Buy
Surmodics price target raised to $55 from $46 at Needham
Needham analyst Mike Matson raised his price target on Surmodics to $55 after its announcement to acquire Embolitech's thrombectomy technology and associated intellectual property, saying the assets will "further strengthen its whole-product solutions pipeline". Matson also keeps his Buy rating on Surmodics, forecasting its Thrombomatrix share of the $500M thrombectomy market to reach $20M by 2021.
08/06/18
LSCM
08/06/18
NO CHANGE
Target $90
LSCM
Buy
Surmodics price target raised to $90 from $76 at Lake Street
Lake Street analyst Brooks O'Neil raised his price target for Surmodics to $90 citing the company's "solid" Q3 results and raised guidance for fiscal 2018. The analyst says that while core businesses are gems, he's most excited about the future opportunities for Surmodics. The company is "clearly making progress" on at least 15 510 (k) products to launch over the next several years, O'Neil tells investors in a research note. He affirms a Buy rating on the shares.
ABT Abbott
$65.23

0.02 (0.03%)

06/27/18
BERN
06/27/18
INITIATION
Target $73
BERN
Outperform
Abbott initiated with an Outperform at Bernstein
Bernstein analyst Lee Hambright started Abbott with an Outperform rating and $73 price target as he forecasts 8.3% revenue CAGR for its highly-diversified set of businesses through 2020, as strong product launches and abating headwinds drive organic acceleration.
07/06/18
RBCM
07/06/18
NO CHANGE
Target $67
RBCM
Outperform
Abbott Q2 organic growth estimated near 7% at RBC Capital
RBC Capital analyst Glenn Novarro keeps his Outperform rating and $67 price target on Abbott Laboratories ahead of its Q2 results, saying he expects the company's accelerated growth in its Established Pharmaceuticals segment and continued strength in Medical Devices to produce organic growth close to 7%. Novarro adds that in spite of the more challenging comps coming in the second half of this year, Abbott's diversified portfolio performance discussed in the company's most recent investor event in May should help it achieve organic growth of 6.5%-7.0% in FY18. The analyst recommends that investors buy Abbott stock heading into the earnings report.
07/27/18
JPMS
07/27/18
NO CHANGE
JPMS
Overweight
DexCom should be bought on today's selloff, says JPMorgan
JPMorgan analyst Robbie Marcus views the selloff today in shares of DexCom (DXCM) as an overreaction and would be a buyer of the stock at current levels. The shares are down after the FDA expanded the label Abbott's (ABT) Libre to include longer wear. The differentiation between Libre and DexCom's G6 is not on days of use, however, but accuracy, cost, alerts/alarms, and connectivity, Marcus tells investors in a research note. He continues to view DexCom as a top SMID cap pick.
07/31/18
PIPR
07/31/18
NO CHANGE
PIPR
Overweight
Piper skeptical about Cardiovascular's plans to compete with Abiomed
Cardiovascular Systems (CSII) this morning at its analyst meeting announced it is working on a product to compete with Abiomed's (ABMD) Impella product, Piper Jaffray analyst Matt O'Brien tells investors in a research note. The analyst heard the device is in animals at this point and that Cardiovascular Systems is targeting first-in-man in 2020. While not dismissing another potential Abiomed competitor, O'Brien sees Cardiovascular experiencing the same challenges that the percutaneous heart pump device now owned by Abbott (ABT) has had. As such, he's "skeptical about the timeframe Cardiovascular Systems has laid out and the performance the device will offer." The analyst recommends investors use the recent pullback in Abiomed to start or build positions in the stock. O'Brien has an Overweight rating on the shares with a $480 price target.

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AQST

Aquestive Therapeutics

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DAKT

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TI

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MAXR

Maxar Technologies

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PLUG

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$1.83

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