Electromed assumed with a Buy at Lake Street

Lake Street analyst Ben Haynor assumed coverage of Electromed (ELMD) with a Buy rating and $36 price target Electromed reported “solid” Q4 results and the firm does not believe “heroic efforts are required” by Electromed to drive continued strong performance, the analyst tells investors. The firm expects Electromed to be able to post consistent double-digit revenue growth in the years to come with operating leverage to follow, the analyst added.