|Day's Range||36.26 - 36.57|
|52 Week Range||23.62 - 38.21|
|PE Ratio (TTM)||18.31|
|Dividend & Yield||0.86 (2.35%)|
|1y Target Est||N/A|
Wall Street is rebounding from Tuesday’s selloff. Stocks (^GSPC, ^DJI, ^IXIC are higher across the board with financials leading the advance as investors eye the second round of the Fed’s bank stress tests as recent comments from ECB President Mario Draghi. Yahoo Finance’s Alexis Christoforous, Jared Blikre, Rick Newman and Dan Howley discuss the day’s top business stories.
Boston Scientific, Abbott Laboratories and Medtronic are unlikely to engage Philips in a bidding war for Spectranetics, an analyst says.
Maintaining its buyout spree, Koninklijke Philips N.V. (PHG) recently announced a definitive merger agreement to take over U.S.-based medical devices maker, Spectranetics Corporation (SPNC), for EUR1.9 billion ($2.16 billion).