Needham & Company Maintains a 'Buy' on Varian Medical (VAR); Cutting Numbers on Mixed Quarter

Needham & Company maintains a 'Buy' on Varian Medical (NYSE: VAR) price target lowered from $84 to $79.

Analyst, Dalton Chandler, said, "It was a Good News/ Bad News quarter for VAR, but we think on balance it was positive. Despite lower margins and slightly lower guidance we think that the Siemens deal is a long term positive and we believe margins can rebound as management has outlined." (FY12 EPS cut from $3.98 to $3.79 and FY13 from $4.47 to $4.31)

For an analyst ratings summary and ratings history on Varian Medical click here. For more ratings news on Varian Medical click here.

Shares of Varian Medical closed at $69.79 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Honasa Consumer Ltd (HONASA:IN) PT Raised to INR720 at ICICI Securities
• Travel Food Services (TRAVELFO:IN) PT Raised to INR1,600 at ICICI Securities