The Biotech Analyst Run Down For Thursday
Depend on the rabbit’s foot if you will, but remember it didn’t work for the rabbit.“ – R.E. Shay
The market largely recapture its losses from Tuesday's session in trading Wednesday. The S&P 500 gained one and a quarter percent as the Federal Reserve met and continues to state they will do whatever is necessary to support the economy. Today, we are giving back Wednesday's gains in the early going. The economy shrunk by a third in the second quarter according to the first Q2 GDP report that came out this morning. Continuing unemployment claims remain stubbornly high as states pause their reopening phases.
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As trading has commenced this Thursday, here are four biotech and healthcare stocks analyst firms like this morning.
We are seeing a lot of firms getting the post earnings 'thumbs up' from analysts today.
Hologic (HOLX) is a popular pick today after a big earnings beat after the bell yesterday. BTIG ($84 price target), Citigroup ($85 price target), Wells Fargo ($80 price target), Needham ($78 price target) and Leerink Partners ($80 price target) have all reiterated Buy ratings on Hologic since quarterly numbers posted.
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Amedisys (AMED) seeing a similar amount of analyst shout outs since its quarterly report hit yesterday. Five analyst firms have reissued Buy ratings since numbers came out within a tight price target range. They are Jefferies ($250 price target), Oppenheimer ($250 price target), Deutsche Bank ($260 price target), Raymond James ($255 price target) and RBC Capital ($260 price target)
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The same also goes for Merit Medical Systems (MMSI) after its quarterly numbers yesterday. Piper Sandler ($55 price target), Barrington ($54 price target), Canaccord Genuity ($51 price target) and Oppenheimer ($50 price target) maintain Buy ratings on Merit while Needham sticks with its Hold rating on MMSI
Instead of the global population reaching between 9.4 billion and 12.7 billion by 2100 (as estimated in the 2019 United Nations World Population Prospects report), the new study suggests it will peak at 9.7 billion in 2064 and then decrease to about 8.8 billion by 2100. If the U.N.’s Sustainable Development Goals for education and contraceptive use are met in full, the researchers estimate that population could be as low as 6.29 billion in 2100. That would be 33% lower than the lowest current U.N. projection, and around 1.5 billion fewer than the Earth’s population today.
Finally, CONNMEDD (CNMD) gets the nod from Stifel Nicolaus this morning. The analyst firm reiterates its Buy rating and lifts its price target $18 a share to $100 after the medical device firm posted quarterly results after the bell yesterday.
And those are four healthcare names getting some love from analyst firms this Thursday morning.
I think we consider too much the good luck of the early bird and not enough the bad luck of the early worm. " -Franklin D. Roosevelt
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