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up 350.13 %

HEARTWARE (HTWR) rated Outperform with price target $40 by Wedbush Morgan

Posted on: Monday,  Oct 12, 2009  9:25 AM ET by Wedbush Morgan

Wedbush Morgan rated Outperform HEARTWARE (NASDAQ: HTWR) on 10/12/2009. Previously Wedbush Morgan rated Outperform HEARTWARE (NASDAQ: HTWR) on 07/30/2009., when
the stock price was $19.19. Since then, HEARTWARE has gained 350.13% as of 01/28/2016's recent price of $86.38.
If you would have followed the previous Wedbush Morgan's recommendation on HTWR, you would have gained 350.13% of your investment in 2373 days.

HeartWare International, Inc. (HeartWare), formerly HeartWare Limited, along with its subsidiaries, is a medical device company focused on developing small implantable pumps for the treatment of advanced heart failure. The Company?s product, the HeartWare Ventricular Assist System (the HeartWare System), includes a left ventricular assist device (LVAD), related accessories and surgical tools and is designed to provide circulatory support for patients with advanced heart failure. The core of the HeartWare System is a continuous flow blood pump, ventricular assist device (the HVAD Pump), a full-output device capable of pumping up to 10 liters of blood per minute. In January 2009, the HeartWare System received Conformite Europeene (CE) Marking, which allows for commercial sales in Europe and is the subject of an ongoing United States bridge-to-transplant clinical trial under an investigational device exemption (IDE) granted by the Food and Drug Administration of United States (FDA).

Since 1980, WEDBUSH has used its private equity discipline to invest in under-valued and capital constrained public and private companies that have a significant potential for appreciation. The firm invests with high quality management teams with domain expertise and expects management to retain or make a personally significant equity investment.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/12/2009 9:25 AM Buy
32.00 40.00
as of 12/31/2009
1 Week up  159.30 %
1 Month up  193.06 %
3 Months up  207.03 %
1 YTD up  159.59 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/30/2009 9:25 AM Buy
19.19 31.00

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