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

Rating:
Hold STJ
down 3.89 %

St. Jude Medical, Inc. (STJ) downgraded to Hold by Canaccord Adams

Posted on: Wednesday,  Oct 7, 2009  8:25 AM ET by Canaccord Adams

Canaccord Adams rated Hold St. Jude Medical, Inc. (NYSE: STJ) on 10/07/2009. Previously Canaccord Adams rated Buy St. Jude Medical, Inc. (NYSE: STJ)
on 01/28/2009., when the stock price was $35.18. Since then, St. Jude Medical, Inc. has lost 3.89% as of 10/07/2009's recent price of $33.81.
If you would have followed the previous Canaccord Adams's recommendation on STJ, you would have lost 3.89% of your investment in 252 days.

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.

Canaccord Adams provides focused, actionable, idea-driven research, helping clients make informed investment decisions. Our 55 international analysts scour the globe for emerging and small to mid cap (US$1-2 billion market capitalization) growth opportunities, identifying value and exposing risk. Our research team analyzes over 550 companies in eight sectors, clarifying current events and anticipating market trends in high-quality daily, weekly and monthly research products. Our clients benefit from our thorough and sophisticated knowledge of the sectors we cover - Metals and Mining, Energy, Technology, Life Sciences, Real Estate, Consumer, Sustainability and Industrial Growth. We combine independent, actionable ideas, unique global perspective and unparalleled industry expertise. We believe it's evident in our research, and the foundation of our business.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/7/2009 8:25 AM Hold
None
33.81
as of 12/31/2009
1 Week   
1 Month   
3 Months down  -13.32 %
1 YTD up  2.57 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/28/2009 11:25 AM Buy
None
35.18 44.00
12/2/2008 11:25 AM Buy
None
28.75 37.00

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