UPDATE - Canaccord Genuity Initiates Coverage on MAKO Surgical (MAKO) with a Hold; Knee is Driving Growth; Hip Too Early to Call
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Price: $10.50 +0.96%
Rating Summary:
1 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
1 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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UPDATE - Canaccord Genuity initiates coverage on MAKO Surgical (NASDAQ: MAKO) with a Hold. PT $28.
Canaccord analyst, William J. Plovanic, said, "At current valuations, we believe the MAKO story is baking in not only continued success in the knee, but also initial success for the hip platform. At this time, we believe the hip opportunity is too early to call."
"Addressing an unmet clinical need shifts share and is also market expanding
MAKO Surgical’s novel technology addresses an unmet clinical need by enabling surgeons to consistently perform a technically demanding, less impactful procedure with accuracy. With increased reproducibility comes market expansion, an impact that has begun to be realized."
Canaccord analyst, William J. Plovanic, said, "At current valuations, we believe the MAKO story is baking in not only continued success in the knee, but also initial success for the hip platform. At this time, we believe the hip opportunity is too early to call."
"Addressing an unmet clinical need shifts share and is also market expanding
MAKO Surgical’s novel technology addresses an unmet clinical need by enabling surgeons to consistently perform a technically demanding, less impactful procedure with accuracy. With increased reproducibility comes market expansion, an impact that has begun to be realized."
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