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Micrus Endovascular Corporation (MEND) [hlAlert]

Rating:
Buy MEND
up 37.11 %

Micrus Endovascular Corporation (MEND) upgraded to Buy with price target $15 by Needham

Posted on: Friday,  Aug 7, 2009  8:25 AM ET by Needham

Needham rated Buy Micrus Endovascular Corporation (NASDAQ: MEND) on 08/07/2009, when the stock price was $10.94. Since
then, Micrus Endovascular Corporation has gained 37.11% as of 09/27/2010's recent price of $15.00.
If you would have followed this Needham's recommendation on MEND, you would have gained 37.11% of your investment in 416 days.

Micrus Endovascular Corporation develops, manufactures and markets implantable and disposable medical devices used in the treatment of cerebral vascular diseases. Its products are used by interventional neuroradiologists, interventional neurologists and endovascular trained neurosurgeons to treat cerebral aneurysms responsible for hemorrhagic stroke and intracranial atherosclerosis, which may lead to ischemic stroke. Its product lines consist of endovascular devices that enable a physician to gain access to the brain in a minimally invasive manner through the vessels of the arterial system. Its line of embolic coils anatomically conform and deploy within an aneurysm, forming a scaffold and filling that conforms to a diversity of aneurysm shapes and sizes. In addition, its Cerecyte microcoil product line incorporates bioactive filaments of an absorbable material called polyglycolic acid (PGA), which reside within the central lumen of its microcoils.

Needham & Company, LLC focuses on emerging growth companies in technology, biotechnology and life sciences. The firm's research goal is to service the needs of growth-oriented institutional clients. Needham & Company has established itself as a premier specialty investment bank providing timely and valuable analysis on companies that are under-covered by the majority of Wall Street firms.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/7/2009 8:25 AM Buy
None
10.94 15.00
as of 12/31/2009
1 Week up  55.48 %
1 Month up  77.71 %
3 Months up  80.46 %
1 YTD up  113.61 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/14/2008 9:25 AM Hold
None
13.36

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