Picture of STAAR Surgical logo

STAA — STAAR Surgical News Story

0.000.00%
us flag iconLast trade - 00:00
HealthcareAdventurousMid CapHigh Flyer

Staar Surgical rises after Stifel upgrades to 'buy'

BUZZ-Staar Surgical rises after Stifel upgrades to 'buy'

** Shares of lensmaker Staar Surgical STAA.O rise 5.1% to $21.9 premarket

** Brokerage Stifel sees sales growth upside from adoption of company's EVO+ lens in China and recovering international demand; upgrades stock to "buy" from "hold"

** Raises PT to $31 from $28, a premium of 49% from its last close

** Says expectations for future sales are too low as growth in China remains strong and improved overseas demand

** Cites co's overlooked growth potential from its ICL technology portfolio, including opportunities in the large age related vision condition (presbyiopia) market - Stifel

** Four of 12 brokerages rate the stock "buy" or higher, seven "hold" and one "sell"; median PT is $27

** As of last close, stock down 9.6% YTD


(Reporting by Anand Gopal in Bengaluru)

((AnandGopal.R@thomsonreuters.com))

Recent news on STAAR Surgical

See all news