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Biotech / Medical : Guidant (GDT)

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To: jbershad who wrote (83)1/27/1998 8:33:00 PM
From: jbershad  Read Replies (1) of 235
 
Jan 27, 1998 (6:23 PM ET) - The Motley Fool Evening News

Hambrecht & Quist and Cowen & Co. today both raised their estimates on the size of the U.S. stent
market. Stents are medical devices used to help keep arteries open. The two brokerages raised their
estimates of market size by 75%, from $800 million to $1.4 billion. Analysts say the technological
merits of new stents are expanding the market and that revenues are growing as stents become
longer. With that, H&Q raised its rating on Arterial Vascular Engineering (Nasdaq:AVEI -
news) from "hold" to "strong buy," sending that stock up $8 5/8 to $64. Guidant Corp.
(NYSE:GDT - news) gained $5 7/8 to $62 on the analyst move and on introducing a new
implantable defibrillator in the U.S.

Jerry
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