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Analysts Offer Insights on Healthcare Companies: Shockwave Medical (SWAV), Amarin (AMRN) and Mereo Biopharma Group Plc (MREO)

Companies in the Healthcare sector have received a lot of coverage today as analysts weigh in on Shockwave Medical (SWAVResearch Report), Amarin (AMRNResearch Report) and Mereo Biopharma Group Plc (MREOResearch Report).

Shockwave Medical (SWAV)

In a report issued on January 10, Mike Kratky from Leerink Partners maintained a Buy rating on Shockwave Medical. The company’s shares closed last Friday at $216.16.

According to TipRanks.com, Kratky is a 4-star analyst with an average return of 12.6% and a 60.5% success rate. Kratky covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Inspire Medical Systems, and Edwards Lifesciences.

Shockwave Medical has an analyst consensus of Moderate Buy, with a price target consensus of $233.89, representing an 8.2% upside. In a report issued on January 12, Piper Sandler also reiterated a Buy rating on the stock with a $275.00 price target.

See the top stocks recommended by analysts >>

Amarin (AMRN)

Leerink Partners analyst Roanna Ruiz maintained a Hold rating on Amarin on January 10. The company’s shares closed last Friday at $1.18.

According to TipRanks.com, Ruiz has 0 stars on 0-5 stars ranking scale with an average return of -15.6% and a 33.0% success rate. Ruiz covers the Healthcare sector, focusing on stocks such as NewAmsterdam Pharma Company, Enanta Pharmaceuticals, and Xeris Pharmaceuticals.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Amarin with a $1.00 average price target.

Mereo Biopharma Group Plc (MREO)

In a report issued on January 10, Joseph Schwartz from Leerink Partners reiterated a Buy rating on Mereo Biopharma Group Plc. The company’s shares closed last Friday at $2.95, close to its 52-week high of $3.08.

According to TipRanks.com, Schwartz has 0 stars on 0-5 stars ranking scale with an average return of -3.3% and a 42.1% success rate. Schwartz covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Crinetics Pharmaceuticals, and KalVista Pharmaceuticals.

Currently, the analyst consensus on Mereo Biopharma Group Plc is a Strong Buy with an average price target of $4.50, representing a 55.2% upside. In a report issued on January 8, Needham also maintained a Buy rating on the stock with a $5.00 price target.

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