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Enter Symbol:
 
Conceptus, Inc. (CPTS) [hlAlert]

Rating:
Neutral CPTS
up 37.40 %

Conceptus, Inc. (CPTS) downgraded to Neutral by Summer Street Research

Posted on: Tuesday,  Apr 30, 2013  9:25 AM ET by Summer Street Research

Summer Street Research rated Neutral Conceptus, Inc. (NASDAQ: CPTS) on 04/30/2013. Previously Summer Street Research rated Buy Conceptus, Inc. (NASDAQ: CPTS) on
03/06/2013., when the stock price was $22.59. Since then, Conceptus, Inc. has gained 37.41% as of 04/30/2013's recent price of $31.04.
If you would have followed the previous Summer Street Research's recommendation on CPTS, you would have gained 37.4% of your investment in 55 days.

Conceptus, Inc. develops, manufactures and markets the Essure permanent birth control system, a medical device for women that is approved for marketing in the United States by the United States Food and Drug Administration (FDA). The Essure system uses a soft and flexible micro-insert that is delivered into a woman's fallopian tubes to provide permanent birth control by causing benign tissue in-growth that blocks the fallopian tubes. A properly placed Essure micro-insert and the subsequent tissue growth prohibits the egg from traveling through the fallopian tubes and therefore prevents fertilization. On January 7, 2008, the Company acquired all of the outstanding shares of Conceptus SAS. Through Conceptus SAS, it sells Essure directly in France and uses distributors to sell Essure throughout the rest of Europe.

Summer Street Research s is an institutional equity research and trading firm that focuses exclusively on the healthcare sector. Our mission is to help our clients maximize returns by providing the best healthcare research, ideas, and investment opportunities. In recognition of our excellence in research, Summer Street Research Partners was the 2005 winner of Institutional Investor's "Best Independents" award for both biotechnology and specialty pharmaceutical research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/30/2013 9:25 AM Hold
None
31.04
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD up  37.40 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/6/2013 10:25 AM Buy
None
22.59
8/2/2011 10:25 AM Hold
None
11.25

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