J&J-Shockwave deal makes strategic sense: analysts [Seeking Alpha]
ShockWave Medical, Inc. (SWAV)
Last shockwave medical, inc. earnings: 2/13 04:03 pm
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Source: Seeking Alpha
Medical ( NASDAQ: SWAV ) extended gains on Wednesday as analysts argued that a potential deal would make strategic sense. A deal could materialize within weeks, The Wall Street Journal reported late Tuesday, citing people familiar with the matter. The paper didn't rule out another company emerging as a bidder for SWAV, a developer of intravascular lithotripsy (IVL) devices to treat cardiovascular diseases. "We see SWAV as potentially a good strategic fit, albeit at a relatively high valuation," for J&J Wells Fargo analysts led by Larry Biegelsen wrote, keeping their Equal Weight rating and $210 per share target on the stock unchanged. While prior reports implicated Boston Scientific ( BSX ) and Penumbra ( PEN ) as potential bidders for SWAV, "JNJ's deep pockets and the implied valuation" mean a bidding war is unlikely, the analysts added. Meanwhile, Bank of America argued that Shockwave Medical ( SWAV ) will be a strategic fit for J&J as the healthcare giant expands its inte
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SWAV
News
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SWAV
Earnings
- 2/15/24 - Beat
SWAV
Sec Filings
- 4/26/24 - Form 10-K/A
- 4/18/24 - Form PREM14A
- 4/9/24 - Form 8-K
- SWAV's page on the SEC website