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Enter Symbol:
 
Thoratec Corporation (THOR) [hlAlert]

Rating:
Hold THOR
down 16.14 %

Thoratec Corporation (THOR) downgraded to Hold by Lazard Capital Mkts

Posted on: Thursday,  Jul 30, 2009  8:25 AM ET by Lazard Capital Mkts

Lazard Capital Mkts rated Hold Thoratec Corporation (NASDAQ: THOR) on 07/30/2009. Previously Lazard Capital Mkts rated Buy Thoratec Corporation (NASDAQ: THOR) on
05/08/2009., when the stock price was $30.48. Since then, Thoratec Corporation has lost 16.14% as of 07/30/2009's recent price of $25.56.
If you would have followed the previous Lazard Capital Mkts's recommendation on THOR, you would have lost 16.14% of your investment in 83 days.

Thoratec Corporation (Thoratec) is a manufacturer of mechanical circulatory support products for use by patients with heart failure (HF). The Company develops, manufactures and markets medical devices used for circulatory support. It also develops, manufactures and markets point-of-care diagnostic test systems and skin incision products. Thoratec operates in two operating divisions: Cardiovascular and International Technidyne Corporation (ITC), a wholly owned subsidiary. The Cardiovascular segment develops, manufactures and markets medical devices used for mechanical circulatory support (MCS). ITC designs, develops, manufactures and markets point-of-care diagnostic test systems and incision products. The Company conducts business both in the United States and internationally.

Lazard Capital Markets’ research team is broadly recognized for its insight, thoroughness, and objectivity. Lazard Capital Markets’ goal is to help our clients make the best-informed decisions by providing timely, thoughtful analysis as well as access to company management teams and industry thought leaders. Lazard Capital Markets’ industry-focused analysts strive to identify emerging sector trends as well as bottom-up fundamental issues affecting their stocks under coverage. We add value by conducting extensive primary survey work, hosting proprietary events, cultivating industry contacts, and participating in relevant industry conferences.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/30/2009 8:25 AM Hold
None
25.56
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -16.14 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/8/2009 10:25 AM Buy
None
30.48 37.00

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