UPDATE: Goldman Sachs Raises Target to $36 on Thoratec
Goldman Sachs increases its price target to $36 on Neutral-rated Thoratec (NASDAQ: THOR) as it updates sales and market penetration estimates on the company's model.
Goldman Sachs says, "We are raising our numbers to reflect a 3Q2011 HeartWare launch (vs. 2Q2011 in our prior model). In addition, we are raising our penetration estimates given acceleration in market development initiatives."
THOR closed at $33.59 a share yesterday.
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