Dougherty & Co Downgrades MAKO Surgical (MAKO) to Neutral; Limited Upside From Current Level
Tweet Send to a FriendGet Alerts MAKO Hot Sheet
Price: $11.51 -0.17%
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade MAKO Now!
Dougherty & Co downgraded MAKO Surgical (NASDAQ: MAKO) from Buy to Neutral.
Analyst, Junaid Husain, said, "With MAKO Surgical closing-in on our $18 PT, we’re downgrading to the NEUTRAL rating as we see the stock fully-valued at these levels. While we’re still believers in the long-term potential of the RIO System and the MAKOplasty solution, we recognize that investor sentiment views the name as a show-me story for now. For the stock to work, we need to see consistent and sustainable execution (read: solid execution beyond just one quarter). As of now, we have very limited visibility on RIO box placements, which tempers our confidence that management can quickly turn around the business."
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 $17.27 yesterday, with a 52 week range of $11.99-$45.15.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, Junaid Husain, said, "With MAKO Surgical closing-in on our $18 PT, we’re downgrading to the NEUTRAL rating as we see the stock fully-valued at these levels. While we’re still believers in the long-term potential of the RIO System and the MAKOplasty solution, we recognize that investor sentiment views the name as a show-me story for now. For the stock to work, we need to see consistent and sustainable execution (read: solid execution beyond just one quarter). As of now, we have very limited visibility on RIO box placements, which tempers our confidence that management can quickly turn around the business."
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 $17.27 yesterday, with a 52 week range of $11.99-$45.15.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: UBS Downgrades Carnival (CCL) to Neutral; Worst May Not Be Behind
- CL King Downgrades DSW Inc. (DSW) to Neutral
- UPDATE: Sterne Agee Downgrades Beazer Homes (BZH) to Neutral
Create E-mail Alert Related Categories
Downgrades
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
