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Heartflow initiated with an Overweight at JPMorgan

JPMorgan analyst Robbie Marcus initiated coverage of Heartflow (HTFL) with an Overweight rating and $36 price target The firm believes Heartflow is one of the “clearest and most pioneering downstream beneficiaries” of the artificial intelligence revolution in the healthcare sector. The company offers regulated healthcare and technology through its AI-enabled, diagnostic software for coronary artery disease, the analyst tells investors in a research note. JPMorgan says the company benefits from a capital-light business model with an “excellent” gross margin profile.

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