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MWM

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MWM

Re: None

Friday, 09/05/2008 9:13:07 AM

Friday, September 05, 2008 9:13:07 AM

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08:29 SPNC Spectranetics: News less ominous than speculation, good buying opportunity; lowers tgt to $8 - Jefferies (4.73 ) -Update-

Jefferies is lowering their tgt on SPNC to $8 from $12 noting that yesterday SPNC was announced that it was served with a search warrant on Thursday. Firm believes the stock's decline yesterday was overdone given the nature of the investigation, creating a buying opportunity. Firm says that although SPNC faces multiple challenges, it has a promising growth outlook in the peripheral arterial disease market as well as an overlooked opportunity in cardiology with its lead removal practice.

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