Canaccord Genuity Cuts Numbers on MAKO Surgical (MAKO); Q1 Brought Down By Weak Systems Sales
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Price: $12.39 -1.27%
Rating Summary:
5 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
5 Buy, 7 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade MAKO Now!
Canaccord Genuity reiterates a 'Hold' on MAKO Surgical (NASDAQ: MAKO) price target lowered from $33 to $29.00.
Analyst, William J. Plovanic, said, "We reiterate our rating following disappointing Q1/12 results that came in below our and consensus estimates. Systems sales were soft, causing management to update full year guidance. Additionally, hip continues to be a central theme to the story (and valuation) and in its early state of commercialization remains more of a “technology value” than tangible revenue stream. We do become more interested at $25."
For an analyst ratings summary and ratings history on MAKO Surgical click here. For more ratings news on MAKO Surgical click here.
Shares of MAKO Surgical closed at $41.40 yesterday, with a 52 week range of $21.40-$45.15.
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Analyst, William J. Plovanic, said, "We reiterate our rating following disappointing Q1/12 results that came in below our and consensus estimates. Systems sales were soft, causing management to update full year guidance. Additionally, hip continues to be a central theme to the story (and valuation) and in its early state of commercialization remains more of a “technology value” than tangible revenue stream. We do become more interested at $25."
For an analyst ratings summary and ratings history on MAKO Surgical click here. For more ratings news on MAKO Surgical click here.
Shares of MAKO Surgical closed at $41.40 yesterday, with a 52 week range of $21.40-$45.15.
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