Analysts Offer Insights on Healthcare Companies: Cryolife (NYSE: CRY) and Seattle Genetics (NASDAQ: SGEN)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Cryolife (CRYResearch Report) and Seattle Genetics (SGENResearch Report) with bullish sentiments.

Cryolife (CRY)

In a report released today, Michael Matson from Needham assigned a Buy rating to Cryolife, with a price target of $29.00. The company’s shares closed last Monday at $19.09.

According to TipRanks.com, Matson is a 5-star analyst with an average return of 6.0% and a 55.5% success rate. Matson covers the Healthcare sector, focusing on stocks such as Axonics Modulation Technologies, Cardiovascular Systems, and Zimmer Biomet Holdings.

Currently, the analyst consensus on Cryolife is a Strong Buy with an average price target of $26.80.

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Seattle Genetics (SGEN)

Oppenheimer analyst Jay Olson maintained a Buy rating on Seattle Genetics today and set a price target of $210.00. The company’s shares closed last Monday at $164.37, close to its 52-week high of $175.64.

According to TipRanks.com, Olson has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -8.2% and a 39.0% success rate. Olson covers the Healthcare sector, focusing on stocks such as Constellation Pharmaceuticals, Madrigal Pharmaceuticals, and ACADIA Pharmaceuticals.

Currently, the analyst consensus on Seattle Genetics is a Moderate Buy with an average price target of $161.13, a -2.8% downside from current levels. In a report issued on June 22, J.P. Morgan also maintained a Buy rating on the stock with a $150.00 price target.

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