RBC Capital analyst, Douglas Miehm, reiterated his Outperform rating on shares of Novadaq Technologies (NASDAQ: NVDQ) but cut his price target to $13 after the company reported preliminary Q4/16 revenues of $20.2MM, below consensus.

Guidance for 2017 of $98-102MM was also provided, and is below consensus of $111MM. The $13 PT drops from $16.

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

Shares of Novadaq Technologies closed at $7.65 yesterday.