Market Overview

UPDATE: Canaccord Genuity Raises HeartWare International's PT

Share:
Related HTWR
Benzinga's Top Upgrades
Bank Of America Upgrades HeartWare; Downgrades EndoChoice, Tandem

According to a research report published this morning, Canaccord Genuity has increased HeartWare International's (NASDAQ: HTWR) PT from $95 to $101.

In the report, Canaccord Genuity commented, "With HTWR crushing Q1 results, taking over the #1 LVAD share position OUS for the first time, and offering a plethora of potentially favorable upcoming catalysts (FDA approval and launch, first in man for MVAD, GLP studies for fully-implantable device), we reiterate HTWR as one of our best ideas for 2012. HTWR crushed our/consensus Q1 estimates, with OUS HVAD sales growing over 60% Y/Y, and eclipsing our estimate by ~50%. Currently in discussions with FDA on HVAD labeling and a post-approval study, HTWR is seemingly on track to hit our launch estimate of September."

Canaccord Genuity maintains its Buy rating on HeartWare International, which closed yesterday at $77.14.

Latest Ratings for HTWR

DateFirmActionFromTo
Jun 2016Guggenheim SecuritiesInitiates Coverage onNeutral
May 2016Leerink SwannMaintainsOutperform
Mar 2016Bank of AmericaUpgradesNeutralBuy

View More Analyst Ratings for HTWR
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Price Target Analyst Ratings

 

Related Articles (HTWR)

View Comments and Join the Discussion!