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Biotech / Medical : Arterial Vascular Engineering AVEI

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To: bullw who wrote ()8/10/1998 11:36:00 AM
From: Sam Armstrong  Read Replies (1) of 410
 
From Briefing.com:

11:00 -- 12:00 ET (Updated throughout the hour)******

Arterial Vascular Engineering Inc. (AVEI) 39 7/8 unch: Stephens Inc. upgrades designer and manufacturer of of highly specialized stent systems and percutaneous transluminal coronary angioplasty balloon catheters from "neutral" to "outperform" and raises its price target from $53.07 to $55.20 a share; soon to be acquired coronary catheter lab business from CR Bard will likely lower AVEI by as much as $0.25 a share in FY99; therefore, lowers FY99 EPS from $3.14 to $2.91 a share; gross profit margins will fall from 82% to 72%, while operating margins will decline from 48% to 36%; however, stock could appreciate by 42% as acquisition puts AVEI in a strong stent position.....
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