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.
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