Jefferies Reiterates a 'Buy' on Cyberonics (CYBX); Remains Top Small-Cap Pick After Strong Q1

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Jefferies reiterates a 'Buy' on Cyberonics (NASDAQ: CYBX) price target of $58.00.

Analyst, Raj Denhoy, said, "Cyberonics once again delivered an excellent quarter, highlighted by strong US growth (but weakness internationally), favorable ASP trends, and outstanding profitability. With the core epilepsy business firing on all cylinders and depression closer on the horizon, CYBX remains among our top small cap ideas."

FY13 EPS estimate lowered from $1.56 to $1.54 and FY14 from $1.96 to $1.78.

For an analyst ratings summary and ratings history on Cyberonics click here. For more ratings news on Cyberonics click here.

Shares of Cyberonics closed at $46.36 yesterday, with a 52 week range of $24.64-$49.89.

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