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Enter Symbol:
 
St. Jude Medical, Inc. (STJ) [hlAlert]

Rating:
Market Perform
STJ

St. Jude Medical, Inc. (STJ) downgraded to Market Perform by Wells Fargo

Posted on: Wednesday,  Nov 21, 2012  8:25 AM ET by Wells Fargo

Wells Fargo rated Market Perform St. Jude Medical, Inc. (NYSE: STJ) on 11/21/2012. Previously Wells Fargo rated Outperform St.
Jude Medical, Inc. (NYSE: STJ) on 09/19/2012., when the stock price was $42.96. Since then, St. Jude Medical, Inc. has lost 21.14% of its value until Wells Fargo rated STJ Outperform on 11/21/2012, when the price was $33.88. .

St. Jude Medical, Inc. (St. Jude)develops, manufactures and distributes cardiovascular medical devices for the global cardiac rhythm management, cardiology and cardiac surgery and atrial fibrillation therapy areas and implantable neurostimulation devices for the management of chronic pain. The Company operates in four business segments: Cardiac Rhythm Management (CRM), Cardiovascular (CV), Atrial Fibrillation (AF) and Neuromodulation Systems (Neuro). On July 3, 2008, the Company completed the acquisition of EP MedSystems, Inc. On December 19, 2008, St. Jude acquired Radi Medical Systems. On December 22, 2008, St. Jude acquired MediGuide Inc.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/9/2013 8:25 AM Buy
None
53.65
as of 12/31/2012
1 Week   
1 Month   
3 Months down  -19.58 %
1 YTD down  -21.13 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/21/2012 8:25 AM Hold
None
33.88
9/19/2012 8:25 AM Buy
None
42.96

(*) Stock Price at the time of the recommendation.
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