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ABT

Abbott

$68.18

-1.97 (-2.81%)

09:03
10/19/18
10/19
09:03
10/19/18
09:03

Abbott s HeartMate 3 heart pump approved by FDA for advanced heart failure

Abbott's HeartMate 3 Left Ventricular Assist Device has received FDA approval as a destination therapy for people living with advanced heart failure. With the approval, physicians can now offer the HeartMate 3 system to patients not eligible for a transplant who will live with their device for the rest of their lives.

ABT Abbott
$68.18

-1.97 (-2.81%)

10/16/18
LEHM
10/16/18
INITIATION
LEHM
Barclays starts MedTech sector with Positive view
Barclays analyst Kristen Stewart last night initiated coverage of the MedTech sector with a Positive view. The analyst expects the MedTech market to grow 4%-5% "for the foreseeable future" and believes the recent increase in price-to-earnings multiples in the space is warranted given the improving fundamentals. Looking ahead, she thinks relative P/E multiples "should be at least maintained." Stewart initiated coverage on 12 stocks, with Overweight ratings on Abbott (ABT), Boston Scientific (BSX) Stryker (SYK) and Medtronic (MDT). The analyst put Underweight ratings on Baxter (BAX), Edwards Lifesciences (EW) and Zimmer Biomet (ZBH).
10/16/18
10/16/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Abbott (ABT), Boston Scientific (BSX), Stryker (SYK), and Medtronic (MDT) were initiated with an Overweight at Barclays, while Baxter (BAX), Edwards Lifesciences (EW), and Zimmer Biomet (ZBH) were initiated with an Underweight. 2. Expedia (EXPE) was initiated with an Outperform at Evercore ISI, while TripAdvisor (TRIP) was initiated with an In Line, and Booking Holdings (BKNG) was initiated with an In Line. 3. Facebook (FB) was initiated with a Buy at Loop Capital and Rosenblatt. 4. Snap (SNAP) initiated with a Hold at Loop Capital. 5. VF Corp. (VFC) initiated with a Neutral at Wedbush. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/18/18
STFL
10/18/18
NO CHANGE
Target $80
STFL
Buy
Abbott franchises 'clearly' experiencing significant momentum, says Stifel
Stifel analyst Rick Wise noted that Abbott has now reported four consecutive quarters of at least 7% organic sales growth, adding that yesterday's earnings report and associated call should render any lingering questions about the sustainability of its top-of-MedTech sales growth "moot." All four of the company's franchises are "clearly" experiencing significant momentum and their growth drivers seem likely to support high-single digit sales growth at least into 2019, if not beyond, Wise tells investors. He raised his price target on Abbott shares to $80 from $72 following the quarterly report and keeps a Buy rating on the stock.
10/18/18
LEER
10/18/18
NO CHANGE
Target $75
LEER
Market Perform
Abbott sales growth momentum poised to continue, says Leerink
Looking into 2019, Leerink analyst Danielle Antalffy sees a number of potential drivers of an above-market growth outlook, including ramping adoption in Freestyle Libre with rollout of Libre 2 in EU and anticipated U.S. launch upon FDA approval, continued turnaround in Nutritionals, and a likely acceleration of MitraClip sales following very strong COAPT data in functional mitral regurgitation, assuming some volume pull-through ahead of an FDA/reimbursement approval. The analyst reiterates a Market Perform rating and $75 price target on the shares.

TODAY'S FREE FLY STORIES

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NV5 Global

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OXY

Occidental Petroleum

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0.62 (0.93%)

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ECOR

ElectroCore

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WMT

Walmart

$100.00

1.52 (1.54%)

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MTFB

Motif Bio

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MCO

Moody's

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5.72 (3.50%)

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MRVL

Marvell

$18.82

-0.37 (-1.93%)

08:13
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EDRY

EuroDry

$7.85

-0.02 (-0.25%)

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EuroDry reports Q4 adj. EPS 31c, consensus 17c »

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VSAT

ViaSat

$74.33

-0.6 (-0.80%)

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MOTS

Motus GI Holdings

$4.49

0.19 (4.42%)

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Motus GI Holdings announces publication of Pure-Vu system clinical study data »

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WBC

Wabco

$116.78

0.19 (0.16%)

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IQV

Iqvia

$141.79

0.73 (0.52%)

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CHH

Choice Hotels

$80.53

-1.47 (-1.79%)

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WLDN

Willdan Group

$37.04

1.04 (2.89%)

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Willdan Group awarded $7.5M project for plant upgrades in NY »

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  • 07

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BCLI

BrainStorm

$4.00

0.12 (3.09%)

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IPIC

iPic Entertainment

$5.36

0.07 (1.32%)

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SPLK

Splunk

$136.16

1.57 (1.17%)

, TWLO

Twilio

$106.82

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Splunk

$136.16

1.57 (1.17%)

TWLO

Twilio

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TROV

Trovagene

$0.55

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EGHT

8x8, Inc.

$19.82

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PYPL

PayPal

$94.92

0.52 (0.55%)

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MasterCard

$222.11

2.39 (1.09%)

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PYPL

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$94.92

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MA

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$222.11

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NWL

Newell Brands

$17.15

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FELE

Franklin Electric

$50.88

1.71 (3.48%)

08:06
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Earnings
Franklin Electric sees FY19 EPS before restructuring $2.37-$2.47 

Consensus is $2.40.

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MAGS

Magal Security

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AAWW

Atlas Air

$54.41

0.09 (0.17%)

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