Abiomed Concerns Deemed Overblown and 4 Stock Analyses to Track
Abiomed Inc. (NASDAQ:ABMD): Wunderlich said history shows that categories on the CMS list usually do not advance to the National Coverage Determination, or NCD, review stage. The firm believes concern of a possible NCD for Abiomed Inc.’s Impella are overblown and reiterates a Buy rating on the stock.
OSI Systems, Inc. (NASDAQ:OSIS): Benchmark Co. viewed the recent pullback in shares of OSI Systems, Inc. as a buying opportunity. The firm anticipates the business impact to OSI from the allegation of body scanner test data manipulation to be limited and reiterates a Buy rating on the stock.
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Hercules Offshore, Inc. (NASDAQ:HERO): Deutsche Bank viewed Hercules Offshore, Inc.’s announcement as positive in their latest fleet status report saying that they reactivated a cold stacked rig with a 35-day contract. The firm called the stock their favorite small cap and keeps a Buy rating on the name with an $8 price target.
Tractor Supply Company (NASDAQ:TSCO) was added to the Conviction Buy List and Sherwin-Williams was removed from Nomura.
Broadcom Corp. (NASDAQ:BRCM): Citigroup expects Broadcom Corp. to raise their fourth quarter guidance for analyst day on December 6. They believe that strong iPhone sales are driving higher Wi-Fi revenue and they keep a Buy rating on Broadcom with a $41 price target. Conversely, Citi anticipates a risk to Intel’s (NASDAQ:INTC) fourth quarter guidance and lowered their price target for the stock from $23 to $21. Citi keeps a Neutral rating on Intel.
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