Canaccord Genuity Maintains a 'Hold' on MAKO Surgical (MAKO); Solid Knee, Slow Hip
Tweet
Share
E-mailGet Alerts MAKO Hot Sheet
Price: $10.54 +0.38%
Rating Summary:
1 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 10 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Canaccord Genuity maintains a 'Hold' on MAKO Surgical (NASDAQ: MAKO) price target of $33.00.
Analyst, William J. Plovanic, said, "We maintain our rating on MAKO Surgical following the release of Q4/11 results that were in line with preliminary numbers. Strong utilization at 7.2 procedures per month was driven by robust knee procedure volumes despite a tough macro environment. Of note was expected hip utilization for 2012 of 1-2 procedures per month, which was in line with our expectation but at the low end of consensus. We maintain our HOLD on valuation as we believe success of the hip is baked into the stock at current levels and we continue to take a wait-and-see approach regarding the ultimate success for this application."
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 $37.35 yesterday.
Analyst, William J. Plovanic, said, "We maintain our rating on MAKO Surgical following the release of Q4/11 results that were in line with preliminary numbers. Strong utilization at 7.2 procedures per month was driven by robust knee procedure volumes despite a tough macro environment. Of note was expected hip utilization for 2012 of 1-2 procedures per month, which was in line with our expectation but at the low end of consensus. We maintain our HOLD on valuation as we believe success of the hip is baked into the stock at current levels and we continue to take a wait-and-see approach regarding the ultimate success for this application."
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 $37.35 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
- Ferrovial SA (FER:SM) (FRRVF) Reiterated at Buy by UBS on Winning Bid For Tennessee Project
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewSign 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!
