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Endologix Inc (ELGX) [hlAlert]

Rating:
Outperform
ELGX
up 114.56 %

Endologix Inc (ELGX) rated Outperform with price target $12 by Wedbush

Posted on: Friday,  Jun 3, 2011  9:25 AM ET by Wedbush

Wedbush rated Outperform Endologix Inc (NASDAQ: ELGX) on 06/03/2011. Previously Wedbush rated Outperform Endologix Inc (NASDAQ: ELGX) on
12/10/2010., when the stock price was $6.04. Since then, Endologix Inc has gained 114.57% as of 01/14/2016's recent price of $12.96.
If you would have followed the previous Wedbush 's recommendation on ELGX, you would have gained 114.56% of your investment in 1861 days.

Endologix, Inc., incorporated in March 1992, develops, manufactures, markets and sells treatments for aortic disorders. The Company?s product, the Powerlink System is a minimally invasive device for the treatment of abdominal aortic aneurysm (AAA). AAA is a weakening of the wall of the aorta, an artery of the body. Once AAA develops, it continues to enlarge and if left untreated becomes susceptible to rupture. The Powerlink System is a catheter and endoluminal stent graft (ELG) system. The device consists of a self-expanding cobalt chromium alloy stent cage covered by expanded polytetrafluoroethylene (ePTFE), a surgical graft material. Sale of its Powerlink System in the United States, Europe, Japan and Latin America are the primary sources of the Company?s revenues.

Wedbush is Headquartered in Los Angeles, California with over 90 offices and more than 125 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth. We deliver superior investment ideas and products through exceptional customer care, financial security, continuity and advanced technology.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/3/2011 9:25 AM Buy
None
8.34 12.00
as of 12/30/2011
1 Week down  -0.60 %
1 Month up  1.23 %
3 Months up  14.34 %
1 YTD up  60.55 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/10/2010 9:25 AM Buy
None
6.04 9.00

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