BUZZ-Wells Fargo initiates coverage on LeMaitre Vascular with 'equal weight' rating

Reuters
14 Feb
BUZZ-Wells Fargo initiates coverage on LeMaitre Vascular with 'equal weight' rating

** Brokerage Wells Fargo initiates coverage on medtech firm LeMaitre Vascular LMAT.O with an "equal weight" rating and a PT of $95

** Brokerage says LMAT could be poised for growth in 2025 if it pursues strategic mergers and acquisitions; adds that the company has $300 million available for deals that could bolster its device portfolio

** Wells Fargo observes LMAT may acquire companies that make surgical sealants, devices that block blood flow and clips for tying off blood vessels

** "We believe that the stock fully prices in an optimistic outlook for pricing and volume growth in 2025 and beyond" - brokerage

** Stock up about 55% in the last 12 months

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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