Canaccord Genuity Reiterates a 'Hold' on MAKO Surgical (MAKO); Smelling Blood in the Water
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Price: $11.22 -0.62%
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade MAKO Now!
Canaccord Genuity reiterates a 'Hold' on MAKO Surgical (NASDAQ: MAKO) price target of $16.00 (from $29.00).
Analyst, William J. Plovanic, said, "We reiterate our rating following disappointing Q2/12 preliminary results that reflected continued weakness in overall unit sales. As a result of soft Systems sales, management lowered full-year guidance. Alternatively, utilization was roughly in line with our expectations. Lastly, hip continues to be a central theme to the story (and valuation) and in its early state of commercialization and slow adoption (from a utilization perspective) remains more of a “technology value” than tangible revenue stream."
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 $24.61 yesterday, with a 52 week range of $20.90-$45.15.
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Analyst, William J. Plovanic, said, "We reiterate our rating following disappointing Q2/12 preliminary results that reflected continued weakness in overall unit sales. As a result of soft Systems sales, management lowered full-year guidance. Alternatively, utilization was roughly in line with our expectations. Lastly, hip continues to be a central theme to the story (and valuation) and in its early state of commercialization and slow adoption (from a utilization perspective) remains more of a “technology value” than tangible revenue stream."
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 $24.61 yesterday, with a 52 week range of $20.90-$45.15.
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