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

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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
Jul 2017Bank of AmericaInitiates Coverage OnBuy
Jun 2017SunTrust Robinson HumphreyInitiates Coverage OnBuy
Apr 2017Wells FargoInitiates Coverage OnOutperform

View More Analyst Ratings for MMSI
View the Latest Analyst Ratings

Posted-In: Benchmark CompanyAnalyst Color Initiation Analyst Ratings

 

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