Jefferies is out with its report today on St. Jude Medical STJ, maintaining Buy.
In a note to clients, Jefferies writes, "New product flow and the momentum from the ICD generator replacement cycle tailwind should fuel market share growth for STJ in the near-term. Portfolio diversification into new, underpenetrated markets should serve as growth drivers well into the future. At just 13x
2012 earnings, the stock could trade to $49 over the coming year,
which is our current price target. We continue to rate shares Buy."
Shares of STJ closed Friday at $41.96.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsHealth CareHealth Care EquipmentJefferiesst. jude medical
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