Zacks Investment Research Upgrades Itamar Medical (NASDAQ:ITMR) to Buy

Zacks Investment Research upgraded shares of Itamar Medical (NASDAQ:ITMR) from a hold rating to a buy rating in a research report report published on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $11.00 price objective on the stock.

According to Zacks, “Itamar Medical Ltd is a medical technology company. It focuses on the development, marketing and sales of diagnostic products based on its proprietary PAT(TM) platform technology. The company’s product pipeline consists of WatchPAT(TM) the at home sleep apnea test for respiratory sleep disorder diagnosis and EndoPAT(TM), device for testing endothelial function and assessing the risk of coronary artery disease and other cardiovascular diseases. Itamar Medical Ltd is based in Caesarea, Israel. “

A number of other equities analysts also recently commented on the company. LADENBURG THALM/SH SH initiated coverage on Itamar Medical in a research report on Tuesday, August 6th. They set a buy rating on the stock. ValuEngine upgraded Itamar Medical from a hold rating to a buy rating in a report on Tuesday, December 3rd. Finally, Alliance Global Partners assumed coverage on Itamar Medical in a research note on Thursday, August 29th. They issued a buy rating and a $14.00 target price for the company.

ITMR stock opened at $11.47 on Wednesday. The firm has a 50 day moving average of $9.22. Itamar Medical has a 1 year low of $7.66 and a 1 year high of $14.00.

About Itamar Medical

Itamar Medical Ltd. engages in the research, development, marketing, sale, and leasing of non-invasive medical devices for the cardiology market in the United States and Canada, Europe, Israel, Japan, the Asia Pacific, and internationally. The company offers medical devices based on Peripheral Arterial Tone (PAT) signal, which measures changes in the patient's peripheral arterial pulse volumes and various parameters of arterial activities.

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