Tuesday, October 14, 2014 2:23:36 PM
NY/TheStreet: Shares of Heartware Intl. (HTWR) are up 5.78% to $79.65 after the company was upgraded to "overweight" from "neutral" at Piper Jaffray on Tuesday 10-14-14.
The firm said it raised the global medical device company's rating because market checks suggest the company continues to gain market share. The firm currently has $91 price target on the stock.
"Our upgrade is driven by market checks that point to continued share gains for the HVAD heart pump on a sustained trend toward less-invasive surgery and limited exposure to U.S. open heart centers - the primary source of weakness in the U.S. market," analysts at Piper Jaffray said.
http://www.thestreet.com/story/12913540/1/one-reason-why-heartware-international-htwr-stock-is-surging-today.html
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