CORDIS GUIDES ANALYSTS TO NEW RATINGS, STOCK INFLATES 15.8% TO 45
This article was originally published in The Gray Sheet
Executive Summary
CORDIS GUIDES ANALYSTS TO NEW RATINGS, STOCK INFLATES 15.8% TO 45 in July, as several analysts upgrade their ratings of the firm following a July 11 telephone conference in which Cordis President Bob Strauss reassured analysts about the recent downturn in the price of the company's stock. Cordis stock realized the bulk of its gain on the day of the conference, rising 3-3/4 to 40-1/4. The issue gained a total of 6-5/8 points for the month, making it the point leader on "The Gray Sheet" Index of NASDAQ-traded stocks for July.