Market Overview

UPDATE: Benchmark Company Initiates Merit Medical Systems with Hold on Limited Visibility

Share:
Related MMSI
Merit Medical Systems, Inc. and Sumitomo Bakelite Co., Ltd. Sign Distribution Deal for Steerable Microcatheter
Benzinga's Volume Movers

In a report published Thursday, Benchmark Company analyst James Terwilliger initiated coverage on Merit Medical Systems (NASDAQ: MMSI) with a Hold rating and $10.00 price target.

In the report, Terwilliger noted, “Our $10.00 price target represents 20 times our adjusted 2013 EPS estimate of $0.53. We believe that visibility is limited as MMSI reported Q1:13 results that missed analyst estimates and also lowered guidance for 2013. We believe that the lowered guidance for 2013 was driven by a slow-down in their core business, integration issues associated with their recent acquisition of Thomas Medical Products (formerly a unit of GE Healthcare) and lack of visibility regarding new product launches.”

Merit Medical Systems closed on Wednesday at $10.00.

Latest Ratings for MMSI

DateFirmActionFromTo
Oct 2015Barrington ResearchUpgradesMarket PerformOutperform
Oct 2015Barrington ResearchDowngradesMarket Perform
Apr 2015Barrington ResearchUpgradesMarket PerformOutperform

View More Analyst Ratings for MMSI
View the Latest Analyst Ratings

Posted-In: Benchmark CompanyAnalyst Color Initiation Analyst Ratings

 

Related Articles (MMSI)

Get Benzinga's Newsletters