Biotech Stock Picking for Charity - 2006 Message Board

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Biotech / Medical : Biotech Stock Picking for Charity - 2006

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To: Arthur Radley who wrote (333)	2/24/2006 9:25:52 AM
From: dr.praveen	Read Replies (1) of 592

STXS/HSBC upgrades Stereotaxis to Overweight from Neutral and raises their target to $16 from $14.50. Firm expects the stock to trade below $12 as short-term investors hoping for near-term upside may be disappointed with the one Niobe system sale in 4Q05 and 2006 revenue guidance that was "heavily back end loaded." However, they believe STXS is well positioned to recognize at least 20 Niobe system sales in 2006; increasing their annual estimates for recurring revenue per installed Niobe system for 2006 to 2009. Regards, Praveen

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