Bank of America Maintains Buy Rating on St Jude Medical

Loading...
Loading...
According to Bank of America, St Jude Medical
STJ
Buy rating is maintained. Bank of America said that STJ announced that its long running 980 patient PFO trial in cryptogenic stroke had reached a stopping point, which strongly suggests it will know the results of this large scale trial within months. “With STJ trading at a discount to MDT for the first time in almost a decade and with STJ at the absolute bottom end of its relative multiple range, we believe the market currently assigns zero value to STJ for PFO.” St Jude Medical closed yesterday at $37.62.
Posted In: Analyst ColorReiterationAnalyst RatingsBank of America Merrill Lynch
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...