Piper Jaffray Neutral On Thoratec

Piper Jaffray has a Neutral rating and a $27 price target on shares of Thoratec Corporation THOR after it reported earnings. In a note to clients, Piper Jaffray writes, "Considering the significant beat in Q2 and the announced acquisition of Levitronix ($4M in acquired sales), we expect both our revenue and EPS estimates to move higher. We will update our model after we have results from HTWR on Thurs afternoon and a better understanding of the market dynamics between the two players. Shares of THOR gained 60 cents yesterday to close at $33.85.