Nomura Securities Starts Varian Medical (VAR) at Buy; Opportunity in Emerging Markets Underappreciated

June 27, 2012 10:09 AM EDT
Get Alerts VAR Hot Sheet
Price: $90.06 --0%

Rating Summary:
    12 Buy, 8 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 16 | New: 50
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Nomura Securities initiates coverage on Varian Medical (NYSE: VAR) with a Buy. PT $70.00.

Analyst, Martin Brunninger, said, "The radiation therapy sector is an oligopoly consisting of three companies following Siemens’s (NYSE: SI) withdrawal at the end of 2011 (Varian, Elekta and Accuray (Nasdaq: ARAY) - not covered). Although we believe the sector is attractive for a long-term holding, we regard the risk/reward profile as well balanced at current trading levels and expect little upside potential for Elekta, but moderate upside potential (18%) for Varian in the short term."

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

Shares of Varian Medical closed at $58.69 yesterday.

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