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SonoSite Names Jack Sparacio New COO
Wednesday, June 29, 2011 - 7:31am | 32SonoSite, Inc. (NASDAQ: SONO) today announced the appointment of Jack Sparacio as Chief Operating Officer and Matthew C. Damron as Global Chief Marketing Officer.
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Bank of America Merrill Lynch Maintains Neutral on Medtronic
Wednesday, June 29, 2011 - 7:16am | 109Bank of America Merrill Lynch is out with its report today on Mectronic (NYSE: MDT), maintaining Neutral. In a note to clients, Bank of America Merrill Lynch writes, "Overall, MDT's top-line outlook is slightly below the group, its cash flow generation is well above average, its FX risk is low,...
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Morgan Stanley Reiterates Equal-Weight on Medtronic
Wednesday, June 29, 2011 - 6:44am | 60Morgan Stanley reiterated its Equal-weight rating on Medtronic (NYSE: MDT). At the moment, Morgan Stanley does not have a price target placed on the company's stock. On Tuesday, Medtronic added 1.11% to its value to end the day at $39.01. Its shares lost all of yesterday's gains in today's pre-...
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Deutsche Bank Lowers PT On Medtronic To $45
Wednesday, June 29, 2011 - 6:08am | 26Deutsche Bank has lowered the price target on Medtronic (NYSE: MDT) from $46 to $45 and maintains its Buy rating.
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Medtronic
Tuesday, June 28, 2011 - 6:39pm | 29Medtronic (MDT), a medical device developer, defended its Infuse bone-growth product, after a Spine Journal story claimed researchers with fin'l ties to Medtronic overstated Infuse's benefits and dismissed risks.
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Abiomed warned on marketing
Tuesday, June 28, 2011 - 6:19pm | 70The medical device maker received a warning letter from the FDA, which said Abiomed (ABMD) is making marketing claims about its heart pump without approval. Claims such as "Recovering Hearts. Saving Lives." for its Impella Recover LP 2.5 heart pump appear on the company's website, even though they...
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Medtronic CEO Omar Ishrak Statement on rhBMP-2 Articles in Spine Journal
Tuesday, June 28, 2011 - 5:08pm | 204Following is a statement from Omar Ishrak, chairman and chief executive officer of Medtronic, Inc. (NYSE: MDT) on a series of articles on recombinant human Bone Morphogenetic Protein-2 (rhBMP-2) published in a recent edition of Spine Journal. “Integrity and patient safety are my highest...
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Wunderlich Securities Comments on Abiomed
Tuesday, June 28, 2011 - 2:15pm | 122Wunderlich Securities provided color on Abiomed (NASDAQ: ABMD) in a research report published today. Wunderlich Securities has previously given Abiomed a Buy rating. In the report, Wunderlich Securities states, "Abiomed (ABMD-$16.42, Buy) received a warning letter from the FDA on June 10,...
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Avnet Technology Solutions Introduces Cloud Solutions Demonstration Center
Tuesday, June 28, 2011 - 10:57am | 229Avnet Technology Solutions, the global IT solutions distribution leader and operating group of Avnet, Inc. (NYSE: AVT), today announced its HP-designated Cloud Center of Excellence (CCoE) at its Global Solutions Center in Chandler, Ariz. Avnet's HP value-added reseller (VAR) partners in the U.S....
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NASDAQ Stocks Hitting 52-Week Highs
Tuesday, June 28, 2011 - 10:17am | 118Tractor Supply Company (NASDAQ: TSCO) shares rose 2.03% to create a new 52-week high of $67.38. TSCO's trailing-twelve-month ROE is 21.21%. Starbucks Corporation (NASDAQ: SBUX) shares gained 1.42% to create a new 52-week high of $38.53. SBUX's trailing-twelve-month revenue is $11.19 million....
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Piper Jaffray Maintains Overweight Rating On Mindray Medical
Tuesday, June 28, 2011 - 9:24am | 70According to Piper Jaffray, Mindray Medical (NYSE: MR) maintains Overweight rating. Piper Jaffray said that it cautions investors against over-interpreting a single month of data due to the monthly fluctuations we have seen in the past. “Mindray has indicated that customs export data has limited...
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J.P. Morgan Discusses Medtronic
Tuesday, June 28, 2011 - 7:29am | 125J.P. Morgan Chase & Co. is out with a research report on Medtronic (NYSE: MDT). In a note to clients, J.P. Morgan Chase & Co. writes, "Monday at ADA saw better foot traffic throughout the meeting and particularly on the exhibit floor. We had the chance to catch up with Medtronic management...
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Top 4 NASDAQ Stocks In The Medical Instruments & Supplies Industry With The Highest Profit Margin
Tuesday, June 28, 2011 - 1:10am | 125Below are the top medical instruments & supplies stocks on the NASDAQ in terms of profit margin. The trailing-twelve-month profit margin at Conceptus Inc (NASDAQ: CPTS) is 60.82%. CPTS' ROE for the same period is 76.52%. The trailing-twelve-month profit margin at ATRION Corporation (NASDAQ:...
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Mad Money Lightning Round: Cramer Likes Schlumberger, Oracle
Tuesday, June 28, 2011 - 1:02am | 242On CNBC's Mad Money, Jim Cramer said during the Lightning Round that he “wants to own Schlumberger (NYSE: SLB) right here.” He added, “I never get this stock at a discount." Cramer said that he has been “negative on Geron (NASDAQ: GERN) for awhile. It's not worth selling down here but it's not...
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Sectors to Watch 06-27-2011
Monday, June 27, 2011 - 8:13pm | 907Cusick's Corner While the market held onto the midday gains, the volume was light and the Greek austerity vote is still a headline risk in the market during this pre-vacation week. So while we watch the potential headlines overseas, do not lose sight of other barometers, .i.e. the offensive...