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Wunderlich Securities Maintains Hold Rating on Heartware International

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A report from Wunderlich Securities reiterates its Hold rating and $80 price target on Heartware International (NASDAQ: HTWR).

The report states, “…it now looks clear that Heartware's HVAD will not be reviewed by the FDA's Circulatory System Devices Panel meeting in early December. As a result, FDA approval of the HVAD will now almost certainly be delayed beyond the prevailing Street consensus of early 2012. But we expect the delay could be modest, with a panel meeting possible as soon as either January or February. We reiterate our Hold rating, but we believe an over-reaction to this news could result in an attractive buying opportunity for investors”.

HTWR closed yesterday at $62.04.

Posted-In: Wunderlich SecuritiesAnalyst Color Reiteration Analyst Ratings

 

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