Northland Securities Initiates Coverage of Medamicus, Inc. and Urologix, Inc.
MINNEAPOLIS, Nov. 4 /PRNewswire/ -- Northland Securities, a full service
brokerage firm, today announced it has initiated coverage on Medamicus and
Urologix to add to its growing equity research universe.
Medamicus, Inc. is a leader in the development and commercialization of
specialized vascular access devices and stimulation leads that enable the
delivery of advanced cardiovascular and neurological therapies. Northland
Securities has initiated coverage on Medamicus with an outperform rating and a
12-month target price range of $15 to $17 per share.
"We are particularly excited about Medamicus' recent acquisition of BIOMEC
Cardiovascular," said Northland Securities' senior equity analyst Patrick E. Donohue, CFA. "BIOMEC Cardiovascular manufactures proprietary pacing leads,
adapters and delivery tools for the cardiac rhythm management systems. We
believe this is a wonderful opportunity for Medamicus and we expect BCI to help
the company achieve a 28 percent earnings growth rate through 2006." Urologix, Inc. markets an advanced minimally invasive medical device, Cooled
ThermoTherapy(TM), to treat patients with benign prostatic hyperplasia (BPH), a
condition that affects more than 23 million men worldwide. Northland Securities
has initiated coverage on Urologix with an outperform rating and a 12-month
target price range of $5 to $6 per share.
"Urologix recently reduced costs and is focused on increasing the utilization of
its installed base of 390 control units," said Patrick Donohue. "Urologix has a
tremendous opportunity to grow with the minimally invasive market and reap the
benefits of increased catheter utilization," Donohue added.
Reports may be obtained by contacting Northland Securities, Inc. at 612-
851-5900.
Patrick E. Donohue is Series 7 and 63 licensed, a member of the Twin Cities
Society of Security Analysts and the Association for Investment Management and
Research (AIMR(R)) and adheres to AIMR's Code of Ethics and Standards of
Professional Conduct. Patrick is a CFA charterholder.
About Northland Securities, Inc.
Northland Securities is a privately held full service brokerage firm that
specializes in underwriting and placing fixed income debt securities. Municipal
bond trading and underwriting, as well as commercial loan placement, are areas
of expertise. Northland places taxable and tax exempt investment products with
high net worth individuals and institutional investors. http://www.northlandsecurities.com/ . Member NASD/SIPC. Website: http://www.northlandsecurities.com DATASOURCE: Northland Securities, Inc.
CONTACT: Linda Knutson of Northland Securities, +1-612-851-5992,
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