Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

http://www.businessweek.com/stories/2006-02-20/ubs-ups-atricure-to-buy-from-neutralbusinessweek-business-news-stock-market-and-financial-advice

Markets & Finance

UBS Ups AtriCure to Buy from Neutral


UBS Financial upgraded AtriCure (ATRC) to buy from neutral, after the company on Friday posted fourth quarter results.

Analyst Patrick Pace thinks solid results were overshadowed by recent conflict of interest issues. He was surprised by news of a pullback in Management Information System (MIS) training and product usage at the University of Cincinnati. Due to suspension of training at U.C., he believes visibility for the company's growth is likely to remain low until AtriCure can build up training centers at other academic centers. Overall, however, he thinks demand for the Management Information System procedure remains healthy. He cut his $14 stock price target to $11, but keeps a $1.11 2006 loss and 45 cents 2007 loss estimates.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus