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ABMD

Abiomed

$262.32

1.39 (0.53%)

05:19
04/24/19
04/24
05:19
04/24/19
05:19

CMS proposed rate changes to have little impact on Abiomed, says Piper Jaffray

The Centers for Medicare and Medicaid Services yesterday afternoon issued proposed inpatient prospective payment system rates for Impella cases, Piper Jaffray analyst Matt O'Brien tells investors in a research note. CMS proposed to cut one of Abiomed's key codes, while raising the others, says the analyst. He finds it important to remember that these are proposed changes and that Medicare tends to leave the rates essentially unchanged in the final decision. O'Brien recommends not over-reading the proposed rates and continues to expect growth at Abiomed to be among the fastest in all of large cap med tech. He keeps an Overweight rating on the shares with a $480 price target.

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ABMD Abiomed
$262.32

1.39 (0.53%)

02/05/19
JEFF
02/05/19
NO CHANGE
Target $460
JEFF
Buy
Abiomed selloff on FDA letter to doctors overblown, says Jefferies
The selloff in shares of Abiomed after FDA notified doctors of higher mortality in the post approval study of Impella RP is overblown, Jefferies analyst Raj Denhoy tells investors in a research note. Sales of RP were 4% of sales in the most recent quarter at Abiomed, the analyst points out. Further, he sees "little risk" as the company "stresses timely and appropriate use of the pump." While there might be "some minor hiccup in sales to the tune of 1%-2%," there shouldn't be any lasting impact to the prospects of the RP pump, says Denhoy. Further, he believes the letter could have a "silver lining" as there is now evidence that the pump should be used sooner and patients not allowed to decompensation so dramatically before implantation. The analyst sees no impact to Abiomed's total addressable market and says the company remains the "best growth story in medtech." He keeps a Buy rating on the shares with a $460 price target.
02/05/19
WBLR
02/05/19
NO CHANGE
WBLR
Outperform
FDA letter adds 'question mark' to Abiomed story, says William Blair
The "Dear Doctor" letter, notifying clinicians of interim results from its post-approval study on Impella RP, "adds a question mark" to the Abiomed story, William Blair analyst Margaret Kaczor tells investors in a research note. However, from a fundamental perspective, Impella RP has been a relatively small part of Abiomed's revenues, contributing approximately $6.6M in its fiscal Q3. Thus, the analyst believes Abiomed can continue to grow over 20% over the next several years without significant contribution from Impella RP. Kaczor keeps an Outperform rating on Abiomed.
03/25/19
PIPR
03/25/19
NO CHANGE
PIPR
Piper sees six 'quality' Med Tech names whose stocks haven't rallied
Medical Technology stocks have rebounded quickly in Q1 following a challenging Q4 of 2018 as the combination of solid year-end results and compelling outlooks for next year have led investors back into the names, Piper Jaffray analyst Matt O'Brien tells investors in a research note. The analyst, however, has identified six "quality" names that have not participated in the Q1 share appreciation, "despite consistently delivering beat-and-raises." The basket of stocks include Abiomed (ABMD), Merit Medical (MMSI), AtriCure (ATRC), Neuronetics (STIM), SeaSpine (SPNE) and Nuvectra (NVTR).
04/15/19
JEFF
04/15/19
NO CHANGE
Target $460
JEFF
Buy
Abiomed selloff overdone, shares a 'bargain,' says Jefferies
Jefferies analyst Raj Denhoy views the recent pullback in shares of Abiomed as overdone and says nothing has changed in his long-term "bullish" view. There are short-term dynamics that could prove challenging with concerns around the company's Q4 results, competition and reimbursement, but the recent pullback in shares "more than reflects these," Denhoy tells investors in a research note. The analyst expects Abiomed to issue "conservative" guidance, but adds the 27% sales growth he's modeling is "still best in class." Denhoy calls the stock a "bargain" and keeps a Buy rating on Abiomed with a $460 price target. The company "has weathered worse sentiment shifts in the past and we expect it will this time too," says the analyst.

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Viveve

$0.41

-0.0155 (-3.68%)

21:23
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ACAD

Acadia

$25.97

0.28 (1.09%)

20:21
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EFII

Electronics for Imaging

$36.97

(0.00%)

20:12
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ZION

Zions Bancorp

$45.16

-0.95 (-2.06%)

20:04
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20:04
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CADE

Cadence Bancorp

$15.86

-3.75 (-19.12%)

20:03
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Cadence Bancorp rating change  »

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OISHY

Oil Search

$0.00

(0.00%)

19:38
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19:38
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Oil Search rating change at Morgan Stanley »

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QCOM

Qualcomm

$75.93

0.9 (1.20%)

, INTC

Intel

$51.36

1.1 (2.19%)

19:11
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Periodicals
Trump to grant timely licensing decisions for Huawei sales, WSJ reports »

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QCOM

Qualcomm

$75.93

0.9 (1.20%)

INTC

Intel

$51.36

1.1 (2.19%)

GOOG

Alphabet

$1,138.09

8.09 (0.72%)

GOOGL

Alphabet Class A

$1,139.52

7.85 (0.69%)

MU

Micron

$47.21

1.7 (3.74%)

WDC

Western Digital

$55.32

2.87 (5.47%)

CSCO

Cisco

$57.72

0.34 (0.59%)

AVGO

Broadcom

$296.11

6.06 (2.09%)

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LPL

LG Display

$7.45

0.275 (3.83%)

18:51
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Periodicals
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F

Ford

$10.02

-0.03 (-0.30%)

18:51
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Ford to spend $50M to upgrade Chicago plant for SUVs, Reuters reports »

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BRO

Brown & Brown

$34.64

-0.11 (-0.32%)

, SNAP

Snap

$14.14

0.12 (0.86%)

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Brown & Brown

$34.64

-0.11 (-0.32%)

SNAP

Snap

$14.14

0.12 (0.86%)

INTC

Intel

$51.36

1.1 (2.19%)

QCOM

Qualcomm

$75.93

0.9 (1.20%)

STLD

Steel Dynamics

$31.55

0.09 (0.29%)

ZION

Zions Bancorp

$45.16

-0.95 (-2.06%)

CDNS

Cadence Design

$72.68

-0.21 (-0.29%)

SNPS

Synopsys

$135.42

0.41 (0.30%)

WHR

Whirlpool

$148.30

0.085 (0.06%)

AMTD

TD Ameritrade

$52.41

0.82 (1.59%)

ACAD

Acadia

$25.97

0.28 (1.09%)

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SNAP

Snap

$14.14

0.12 (0.86%)

18:35
07/22/19
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18:35
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SMBC

Southern Missouri Bancorp

$31.95

-0.3 (-0.93%)

18:33
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Earnings
Southern Missouri Bancorp sees Q4 EPS 81c, consensus 77c »

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SSRM

SSR Mining

$15.80

-0.06 (-0.38%)

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SNAP

Snap

$14.14

0.12 (0.86%)

18:23
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HD

Home Depot

$211.23

-1.79 (-0.84%)

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Home Depot CFO: The company is in great hands »

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AN

AutoNation

$42.01

-0.045 (-0.11%)

18:21
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Breaking Hot Stocks news story on AutoNation »

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AN

AutoNation

$42.01

-0.045 (-0.11%)

18:17
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CR

Crane

$86.50

0.99 (1.16%)

18:15
07/22/19
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Earnings
Crane backs FY19 adjusted EPS view of $6.25-$6.45, consensus $6.41 »

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CR

Crane

$86.50

0.99 (1.16%)

18:14
07/22/19
07/22
18:14
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18:14
Earnings
Crane Co. reports Q2 EPS ex-items $1.58, consensus $1.56 »

Reports Q2 revenue $842M,…

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AN

AutoNation

$42.01

-0.045 (-0.11%)

, GOOG

Alphabet

$1,138.09

8.09 (0.72%)

18:11
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AutoNation names Cheryl Miller CEO »

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AN

AutoNation

$42.01

-0.045 (-0.11%)

GOOG

Alphabet

$1,138.09

8.09 (0.72%)

GOOGL

Alphabet Class A

$1,139.52

7.85 (0.69%)

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STLD

Steel Dynamics

$31.55

0.09 (0.29%)

18:04
07/22/19
07/22
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Steel Dynamics reports Q2 operating income $295M, down 6% from Q1 »

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FBMS

First Bancshares

$29.74

-0.105 (-0.35%)

18:03
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07/22
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18:03
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First Bancshares announces agreement to acquires First Florida Bancorp »

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