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Lazard Capital downgrades a number of names in the in the Medical Technology space today due to...
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Monday, April 2, 2012, 12:21 PM ETLazard Capital downgrades a number of names in the in the Medical Technology space today due to valuation. Intuitive Surgical (ISRG +0.2%), Endologix (ELGX -5.4%), Allergan (AGN -0.4%), St. Jude Medical (STJ -0.7%) and ZOLL Medical (ZOLL +0.1%) are all cut to Neutral.
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This news story has 1 comment:
One may consider the P/E high but that has not changed in 28 quarters so what's new?
He's probably disappointed and wants in at a lower price and this is how he achieves it.