Canaccord Genuity Maintains a 'Hold' on Cyberonics (CYBX); Q3 Strong on U.S. ASPs; OUS Initiative Shows Potential
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Price: $69.95 --0%
Rating Summary:
6 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
6 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Hold' on Cyberonics (NASDAQ: CYBX) price target raised from $24.50 to $31.00.
Analyst, William J. Plovanic, said, "While growth has been solid, we note that growth rates have been decelerating over the past 12 months and would expect further slowing toward 10% or less. Additionally we feel the launch of a new drug into the space could impact new patient adds in the near term, which could negatively impact the stock. Lastly, shares of Cyberonics trade at a significant premium to the mid-cap med-tech sector, but maybe rightfully so given higher than average historical growth."
For an analyst ratings summary and ratings history on Cyberonics click here. For more ratings news on Cyberonics click here.
Shares of Cyberonics closed at $37.00 yesterday.
Analyst, William J. Plovanic, said, "While growth has been solid, we note that growth rates have been decelerating over the past 12 months and would expect further slowing toward 10% or less. Additionally we feel the launch of a new drug into the space could impact new patient adds in the near term, which could negatively impact the stock. Lastly, shares of Cyberonics trade at a significant premium to the mid-cap med-tech sector, but maybe rightfully so given higher than average historical growth."
For an analyst ratings summary and ratings history on Cyberonics click here. For more ratings news on Cyberonics click here.
Shares of Cyberonics closed at $37.00 yesterday.
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