J.P. Morgan Reiterates Overweight Rating On Covidien

According to J.P. Morgan, Covidien COV Overweight rating is reiterated. J.P. Morgan reported that the 2011 SAGES meeting is underway in San Antonio. “In the Endo-Mechanical markets, J&J has stolen the headlines at this year's meeting, introducing the first power stapler, while Covidien continues to roll out Tri-Staple and a series of high impact products from last year's meeting.” Covidien closed yesterday at $51.94.