Wells Fargo Starts MAKO Surgical (MAKO) at Market Perform; Continued Share in Knee, Slowing in Hip
Tweet Send to a FriendGet Alerts MAKO Hot Sheet
Price: $11.53 +3.50%
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade MAKO Now!
Wells Fargo initiates coverage on MAKO Surgical (NASDAQ: MAKO) with a Market Perform. PT range $15-$17.
Analyst, Larry Biegelsen, said, "Although MAKO has achieved impressive growth over the past few years and we expect the company to grow at a healthy compound annual growth rate (CAGR) of 24% between 2011 and 2016, our Market Perform rating is based on our diligence, which leads us to believe that the uptake of the recently launched hip application will be slower than the Street expects."
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 $16.04 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, Larry Biegelsen, said, "Although MAKO has achieved impressive growth over the past few years and we expect the company to grow at a healthy compound annual growth rate (CAGR) of 24% between 2011 and 2016, our Market Perform rating is based on our diligence, which leads us to believe that the uptake of the recently launched hip application will be slower than the Street expects."
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 $16.04 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: Michael Kors (KORS) Under-Appreciated; Canaccord Genuity Starts at Buy
- UBS Raises PT on Tesoro (TSO)
- Gabelli Starts Portland General Electric Company (POR) at Hold
Create E-mail Alert Related Categories
New CoverageRelated Entities
Wells Fargo
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!
