大摩：美股醫藥科技股至暗時刻已過
華爾街大行摩根士丹利將美敦力(MDT.US)、Alphatec(ATEC.US)和Becton Dickinson(BDX.US)選爲美股醫療科技板塊的首選配置標的，同時因估值原因下調了美國醫藥巨頭雅培(ABT.US)的評級。大摩表示，總體上非常看好美國醫療科技行業的基本面，該行業已經熬過了最艱難的時刻。
摩根士丹利在5月30日的一份報告中將醫藥科技巨頭美敦力的評級上調至“增持”，稱該公司實際業績有可能超過市場預期。此外，該公司還任命沃爾瑪(Walmart)前高管格雷格•史密斯(Greg Smith)爲美敦力首席運營官。大摩表示，此舉爲這家醫療科技公司在解決供應鏈問題方面提供了一條“更加一致的執行途徑”。
摩根士丹利的第二個首選醫療科技股票Alphatec也獲得了“增持”評級。該行認爲，由於越來越多的外科醫生和大型醫院採用其技術，該公司的醫療技術在脊柱細分市場的市場份額正在增加。摩根士丹利補充表示，Alphatec最近收購了REMI機器人系統，填補了隨着時間的推移而變得更加明顯的投資組合缺口。
大摩還看好Becton Dickinson，稱該公司是其覆蓋的最具防禦性的股票之一，在該行業擁有“最佳定價權”。摩根士丹利目前對該股的評級同樣爲“增持”評級。
與此同時，大摩將醫藥巨頭雅培的評級從“增持”下調至“持有”，稱與美國醫療科技以及廣泛的醫藥行業其他公司相比，美敦力等以上首選標的估值水平更加合理。大摩還首次覆蓋庫珀醫療(COO.US)和Steris (STE.US)，給予這兩者“持有”評級。
大摩表示，總體上非常看好美國醫療科技行業的基本面，並補充稱，該行業在經受了長達18個月期的成本上升、供應鏈問題和整體銷量下降(部分原因是醫療工作人員短缺)的嚴峻考驗後，該行業已經熬過了最艱難的時刻。
該行補充表示，目前醫療科技行業的潛在內生性增長率爲5%至6%，大多數行業公司已經看到了“今年迄今爲止強勁的需求”。
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