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Surmodics, Inc. (SRDX) [hlAlert]

Rating:
Strong Buy
SRDX
down 54.15 %

Surmodics, Inc. (SRDX) rated Strong Buy with price target $40 by CL King

Posted on: Thursday,  Sep 18, 2008  9:25 AM ET by CL King

CL King rated Strong Buy Surmodics, Inc. (NASDAQ: SRDX) on 09/18/2008. Previously CL King rated Buy Surmodics, Inc. (NASDAQ: SRDX) on
06/28/2007., when the stock price was $49.95. Since then, Surmodics, Inc. has lost 54.15% as of 08/27/2015's recent price of $22.90.
If you would have followed the previous CL King's recommendation on SRDX, you would have lost 54.15% of your investment in 2982 days.

SurModics, Inc. is a leading provider of surface modification technologies in the areas of biocompatibility, site specific drug delivery, biological cell encapsulation, and medical diagnostics. SurModics partners with the world's foremost medical device, pharmaceutical and life science companies to bring innovation together for better patient outcomes. Recent collaborative efforts include the implementation of SurModics' Bravo drug delivery polymer matrix as a key component of the first-to-market drug-eluting coronary stent. SurModics is also active in the ophthalmology market with a sustained drug delivery system that is currently in human trials for treatment of retinal disease. A significant portion of SurModics' revenue is generated by royalties earned from the sale of our customers' commercial products.

CL King research analysts "Discover the Uncovered." Our analysts seek out small- and mid-cap companies that may be ignored by other Wall Street research providers, identifying value and growth that may be unrecognized by institutional equity investors. Our goal is to generate superior absolute returns while minimizing downside risk.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/18/2008 9:25 AM Buy
None
29.85 40.00
as of 12/24/2008
1 Week down  -2.54 %
1 Month down  -0.79 %
3 Months down  -25.69 %
1 YTD down  -25.60 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/28/2007 11:25 AM Buy
None
49.95 53.00

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