ev3 initiated with "buy"

06/26/08 - Pac. Growth Equities

NEW YORK, June 26 (newratings.com) - Analyst David M DeGiralamo of Pacific Growth Equities initiates coverage of ev3 Inc (EVVV) with a "buy" rating. The fair value is set to $13.

In a research note dated June 25 and published this morning, the analyst mentions that the company is well-positioned to benefit from the bright peripheral market growth prospects over the long term, with its most diversified approach to the market and robust product lines. ev3 has recently reduced its 2008 guidance, which the company is likely to exceed, the analyst says.