Wedbush Upgrades Thoratec To Neutral

According to Wedbush, Thoratec THOR is upgraded to Neutral. Wedbush said that THOR reported Q2:2011 revenues of $111.2 million and EPS of $0.44, well above estimates of $103.7 million and $0.35, and consensus of $104.4 million and $0.35. “Raising fair value to $33 from $27 and upgrading to NEUTRAL from UNDERPERFORM.” Thoratec closed yesterday at $33.85.