Loading...
Loading...
In a report published Monday, Bank of America analyst Bob Hopkins initiated coverage on
Cardiovascular SystemsCSII with a Buy rating and $38.00 price target.
In the report, Bank of America noted, “We are initiating coverage on CSII, maker of a differentiated atherectomy system for arterial plaque removal, with a Buy rating and a $38 PO. CSII is the fastest growing company in the $250mm peripheral atherectomy market and has recently entered the roughly $75 coronary atherectomy market. Both markets are underpenetrated in our view, and we believe CSII has the technology to expand both. Our PO assumes CSII can trade at a 5.0x CY2015E EV/sales multiple, (in-line to a slight premium to the peer group). We model 26% revenue CAGR for CSII over the next 3 years.”
Cardiovascular Systems closed on Friday at $29.05.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in