Seeking Alpha

St. Jude Medical (STJ +1.4%) gains on the back of yesterday's $1B buyback announcement and an...

St. Jude Medical (STJ +1.4%) gains on the back of yesterday's $1B buyback announcement and an upgrade to Buy at Mizuho. The firm says that concerns about a Durata recall are overblown, and that any impact on its EPS from market share loss in implanted defibrillators should be "more than offset" by yesterday's buyback announcement.
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