Forum Topics AVR AVR Broker report

Pinned straw:

Straw deleted
PabloEskyBruh
Added 2 years ago

All three investment houses were behind the IPO and are to some extent obviously selling their book:

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Matt Miksic (the analyst behind the $22 Anteris price target) also covers Edwards Life Sciences for Barclays.

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Mikisic has also recently lowered his target price for Edwards:

https://www.nasdaq.com/articles/analyst-verdict-edwards-lifesciences-eyes-17-experts

Edwards list a further 28 analysts who cover them - participating in the earning calls and writing them up. This med-tech is big business in the US and promises the type of coverage Anteris was never going to receive whilst it remained solely on the ASX.

I think the TD securities stabilisation process (announced daily in ASX announcements with them buying on market under the IPO price of $6 USD) ends shortly (or has already) and now the post-IPO pump can begin.

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PabloEskyBruh
Added 2 years ago

Finally, something reputable in the form of the Wall Street Journal. Barclays at a low-ball $22:

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PabloEskyBruh
Added 2 years ago

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Not huge, but enough of a bump to convince me broker coverage has actually commenced. This is the least spammy article I’ve found so far (but it was a low bar):

https://www.benzinga.com/trading-ideas/movers/25/01/42859544/anteris-technologies-positioned-to-capture-4-5-of-us-transcatheter-valve-replacement-market-by-2030-analyst

I’m expecting more mainstream news articles and perhaps even a company press release in coming days. Could take the Australian market a day or two also to catch up. I think there is a bit of runway left just on this news alone (merely broker coverage commencing), let alone the targets themselves.

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