A Robert W. Baird and Co. analyst
predicts a strong year for shares of four medical device makers, saying that in 2010, investors may be more willing to take a risk on companies in high-growth fields. Lawrence Neibor upgraded shares of
Cyberonics,
Edwards Lifesciences ,
Thoratec Inc., and
Volcano Corp. to "Outperform" from "Neutral" and he downgraded
Boston Scientific Corp. to "Neutral" from "Outperform" because most of its revenue comes from sales of drug-coated stents and cardiac rhythm products, two markets he said are well developed and not growing very fast.
Investors shrugged off part of the report; Boston Scientific stock rose 8 cents to $9.08.