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Myriad Genetics, Inc. Message Board

  • mich_tiger2001 mich_tiger2001 Jan 16, 2010 1:01 AM Flag

    Top Picks for 2010 Piper Jaffray

    Piper Jaffray Positive On Med Tech Stocks In '10
    More News related to AFFX

    January 6, 2010 12:53 PM EST

    Piper Jaffray upgraded the Med Tech Sector to Favorable, saying stocks in the sector are poised to outperform the overall market in 2010. The firm cited current valuation, resolution of health care reform, improving economic outlook, and the relative weakness of the U.S. dollar against other major currencies.

    Top Picks for 2010 in the sector include Baxter International Inc. (NYSE: BAX) (OW $71 tgt) and Medtronic, Inc. (NYSE: MDT) (OW $50 tgt) for large caps, and ATS Medical Inc. (Nasdaq: ATSI) (OW $4 tgt), MAKO Surgical Corp. (Nasdaq: MAKO) (OW $14 tgt), Masimo Corporation (Nasdaq: MASI) (OW $38 tgt), Myriad Genetics Inc. (Nasdaq: MYGN) (OW $41 tgt), and Volcano Corporation (Nasdaq: VOLC) (OW $22 tgt) in the small to mid-cap arena. They also like Axis-Shield in Europe (ASD Ln).

    The firm also said the M&A environment in the sector could heat up in 2010. A list of companies they think could be attractive takeover candidates include: Edwards Lifesciences Corp. (NYSE: EW), Masimo (Nasdaq: MASI), Volcano (Nasdaq: VOLC), Wright Medical Group Inc. (Nasdaq: WMGI), Cyberonics Inc. (Nasdaq: CYBX), Affymetrix Inc. (Nasdaq: AFFX), HeartWare (Nasdaq: HTWR), DexCom, Inc. (DXCM), MAKO Surgical (Nasaq: MAKO), ATS Medical (Nasdaq: ATSI), Nanosphere (Nasdaq: NSPH), TranS1 (Nasdaq: TSON).

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