Search This Blog

Friday, May 3, 2019

Abiomed price target lowered to $340 from $450 at SunTrust

SunTrust analyst Bruce Nudell lowered his price target on Abiomed to $340 after its Q4 revenue miss and below-consensus initial top-line forecasts for FY20. The analyst maintains his Buy rating however and calls the stock a “unique investment opportunity” with a bullish view about the prospects for its “temporary mechanical circulatory support” system.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.