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News Breaks
08:52 EDTTHOR
theflyonthewall.com: Thoratec weakness a buying opportunity, says Leerink
Leerink recommends using weakness in Thoratec shares from the company's weaker than expected quarterly sales as a buying opportunity. The firm believes the quarter is better than it looks and maintains an Outperform rating on shares. :theflyonthewall.com



News For THOR From The Last 14 Days
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August 25, 2010
13:58 EDTTHOR
theflyonthewall.com: Thoratec sell-off overdone, says Wells Fargo

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August 24, 2010
09:00 EDTTHOR
theflyonthewall.com: On The Fly: Analysts Initiation Summary
MOST NOTEWORTHY: Everest RE Group (RE), Retailers and SMART Technologies (SMT) were today's noteworthy initiations: Deutsche Bank started Everest RE Group with a Buy rating and $92 target. Janney Montgomery initiated Aeropostale (ARO), Hot Topic (HOTT) and Bebe (BEBE) with Neutral ratings and price targets of $25, $5 and $6, respectively, and Ann Taylor (ANN) and J. Crew (JCG) with Buy ratings and price targets of $19 and $41, respectively. Morgan Stanley initiated SMART Technologies with an Overweight rating and $17 target. Shares were also started at Piper Jaffray with an Overweight rating and $16 target, at Deutsche Bank with a Buy rating and $20 target and with an Outperform rating and $15 target at Credit Suisse...OTHER INITIATIONS: Thoratec (THOR) was initiated with a Buy rating and $50 target at Madison Williams. NetLogic (NETL) was initiated with an Equal Weight rating at Morgan Stanley. Dana Holding (DAN) was reinstated with a Buy rating and $17 target at KeyBanc. :theflyonthewall.com
06:30 EDTTHOR
theflyonthewall.com: Thoratec initiated with a Buy at Madison Williams

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August 20, 2010
10:11 EDTTHOR
theflyonthewall.com: Wedbush says Medicare decision positive for ventricular device makers
In a note to investors, Wedbush analysts Dr. Duane Nash and Akiva Felt wrote that weakness in providers of left ventricular assist devices - including Thoratec (THOR), HeartWare (HTWR), and WorldHeart (WHRT) - could create an attractive entry point for investors. Although Medicare decided not to expand reimbursement for the devices to Class IIIB patients as anticipated by Wedbush, the firm believes that the agency did make other changes that are positive for the device makers. These changes will allow left ventricular assist devices to be implanted more quickly and with less paperwork ,according to Wedbush. The firm expects HeartWare to rebound most quickly, while it recommends Thoratec for longer-term investors. Wedbush sees WorldHeart as attractive, but riskier. In early trading, Thoratec gained 1.50% to $34.40, while WorldHeart was flat at $2.27 and HeartWare fell 1.33% to $63.58. :theflyonthewall.com
08:52 EDTTHOR
theflyonthewall.com: CMS decision on LVADs could bring buying opportunities, says Wedbush
Wedbush notes that the CMS said last night it is not expanding left ventricular assist device, or LVAD, reimbursement to include to Class IIIB patients. However, the firm points out CMS did make positive changes to the objective criteria. Wedbush recommends using any weakness in shares of Thoratec (THOR), HeartWare (HTWR), and World Heart (WHTR) following the news as buying opportunities. :theflyonthewall.com