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BofA Upgrades Baxter International On 'Margin Story,' But Valuation Is Rich
Thursday, July 2, 2015 - 8:46am | 321In a report published Thursday, Bank of America Merrill Lynch analyst Bob Hopkins downgraded the rating on Baxter International Inc (NYSE: BAX) from Buy to Neutral, while lowering the price target from $78 to $40. Although the company is likely to be an interesting "margin story" following its...
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UPDATE: Bank Of America Raises PT On Intuitive Surgical On Bullish Growth Outlook
Friday, January 2, 2015 - 10:06am | 91In a report published Friday, Bank of America analyst Bob Hopkins reiterated a Buy rating on Intuitive Surgical, Inc. (NASDAQ: ISRG), and raised the price target from $550.00 to $600.00. In the report, Bank of America noted, “In this note we highlight our updated procedure volume growth model with...
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Bank Of America Raises Intuitive Surgical Price Target
Monday, December 22, 2014 - 4:38pm | 263Bank of America raised its price target on Intuitive Surgical, Inc. (NASDAQ: ISRG) Monday from $550 to $600 and maintained a Buy rating. Analysts led by Bob Hopkins commented that “ISRG is up over 30 percent this year due in large part to reaccelerating procedure volume growth (PVG)...
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UPDATE: Bank of America Raises PT on Edwards Lifesciences Corp. Following Analyst Day
Tuesday, December 9, 2014 - 9:33am | 214In a report published Tuesday, Bank of America analyst Bob Hopkins reiterated a Neutral rating on Edwards Lifesciences Corp. (NYSE: EW), and raised the price target from $120.00 to $140.00. In the report, Bank of America noted, “EW's annual analyst day was held yesterday morning in New York. All...
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UPDATE: Bank Of America Reiterates On Medtronic Post COV Financing
Friday, December 5, 2014 - 8:58am | 226In a report published Friday, Bank of America analyst Bob Hopkins reiterated a Buy rating on Medtronic (NYSE: MDT), and raised the price target from $80.00 to $85.00. In the report, Bank of America noted, “Following the debt financing of the COV deal earlier this week we are adjusting our model and...
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UPDATE: Bank Of America Reiterates On Medtronic
Friday, December 5, 2014 - 8:57am | 226In a report published Friday, Bank of America analyst Bob Hopkins reiterated a Buy rating on Medtronic (NYSE: MDT), and raised the price target from $80.00 to $85.00. In the report, Bank of America noted, “Following the debt financing of the COV deal earlier this week we are adjusting our model and...
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Bank Of America Impressed By Intuitive Surgical Following Congress
Tuesday, November 25, 2014 - 11:01am | 181Bob Hopkins of Bank of America attended the AAGL 2014 Global Congress on Minimally Invasive Gynecology last week and were impressed with the feedback received by Intuitive Surgical, Inc. (NASDAQ: ISRG). Hopkins notes that feedback on Intuitive Surgical's new wristed, single-site needle...
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UPDATE: Bank Of America Reiterates On Johnson & Johnson On Likely EPS Headwinds
Wednesday, October 15, 2014 - 7:52am | 162In a report published Wednesday, Bank of America analyst Bob Hopkins reiterated a Neutral rating on Johnson & Johnson (NYSE: JNJ), but lowered the price target from $106.00 to $99.00. In the report, Bank of America noted, “JNJ reported a solid Q3, but also highlighted a number of likely EPS...
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UPDATE: Bank Of America Moves CareFusion Corporation To No Rating, Removes PT On BDX Agreement
Tuesday, October 7, 2014 - 8:18am | 143In a report published Tuesday, Bank of America analyst Bob Hopkins moved the rating on CareFusion Corporation (NYSE: CFN) from Buy to No Rating, and removed the $50.00 price target. In the report, Bank of America noted, “On Sunday night, BDX announced it had entered into a definitive agreement to...
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Bank Of America Tweaks Numbers For St. Jude Medical, Inc. Lower On F/X, Portico
Monday, October 6, 2014 - 7:40am | 162In a report published Monday, Bank of America analyst Bob Hopkins reiterated a Buy rating and $80.00 price target on St. Jude Medical, Inc. (NYSE: STJ). In the report, Bank of America noted, “Given F/X moves since STJ's Q2 call and STJ's guidance that roughly 45-50% of every dollar of revenue...
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UPDATE: Bank Of America Reiterates On Baxter International Inc. On Mixed Factors
Monday, October 6, 2014 - 7:40am | 95In a report published Monday, Bank of America analyst Bob Hopkins reiterated a Buy rating on Baxter International Inc. (NYSE: BAX), but lowered the price target from $84.00 to $80.00. In the report, Bank of America noted, “Some reasons we see to own BAX are the core markets Baxter's bioscience...
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UPDATE: Bank Of America Reinstates Coverage Of Medtronic, Inc.
Thursday, September 25, 2014 - 9:04am | 148In a note issued Thursday morning, Bank of America analyst Bob Hopkins reinstated coverage of Medtronic, Inc. (NYSE: MDT) with a Buy rating and a $75 price objective. Hopkins explained the reason driving the Buy rating is Medtronic's proposed acquisition of Covidien plc (NYSE: COV), which he...
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Bank Of America Remains Optimistic On Johnson & Johnson
Friday, August 29, 2014 - 9:13am | 160In a report published Friday, Bank of America analyst Bob Hopkins reiterated a Neutral rating and $106.00 price target on Johnson & Johnson (NYSE: JNJ). In the report, Bank of America noted, “Yesterday, the Wall Street Journal reported that JNJ will seek a buyer for its Cordis division, which...
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UPDATE: Bank Of America Downgrades C.R. Bard
Wednesday, July 30, 2014 - 9:03am | 89In a note dated July 29, Bank of America analyst Bob Hopkins downgraded shares of C.R. Bard (NYSE: BCR) from Neutral to Underperform and maintained a $150 price objective. Hopkins noted that he made no change to and has no more or less conviction in his revenue and earnings assumptions or his price...
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UPDATE: Bank Of America Reiterates On Abbott Laboratories Following Detailed Analysis
Thursday, July 10, 2014 - 8:39am | 116In a report published Thursday, Bank of America analyst Bob Hopkins reiterated a Neutral rating on Abbott Laboratories (NYSE: ABT), and raised the price target from $39.00 to $46.00. In the report, Bank of America noted, “We expect ABT to continue to grow earnings in the double-digit range on an...