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UPDATE: Credit Suisse Initiates Coverage On Lombard Medical On Positive Outlook For Aorfix

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In a report published Monday, Credit Suisse analyst Matthew Keeler initiated coverage on Lombard Medical (NASDAQ: EVAR) with an Outperform rating and $10.50 price target.

In the report, Credit Suisse noted, “Lombard is a relatively new entrant in the $1.2B WW endovascular aneurysm repair (EVAR) market. While the EVAR market is competitive and well penetrated (we forecast 5% market growth going forward), we believe Lombard's Aorfix device is differentiated enough (as described below) to take share from larger competitors. We project Aorfix reaching ~6% share of the WW AAA market sales by 2020.”

Lombard Medical closed on Friday at $7.00.

Latest Ratings for EVAR

DateFirmActionFromTo
Aug 2016MaintainsEqual-Weight
Nov 2015DowngradesOverweightEqual-Weight
Nov 2015DowngradesBuyNeutral

View More Analyst Ratings for EVAR
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Posted-In: Credit Suisse Matthew KeelerAnalyst Color Initiation Analyst Ratings

 

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