Cantor Fitzgerald Downgrades Varian Medical (VAR) to Hold: Headwinds Mounting
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Price: $177.07 --0%
Rating Summary:
7 Buy, 9 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
7 Buy, 9 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Cantor Fitzgerald downgraded Varian Medical (NYSE: VAR) from Buy to Hold, price target cut to $60.00.
Cantor analyst, said, "Given the numerous near-term headwinds - currency, Europe, slowing U.S. hospital capex, reimbursement uncertainty - we believe the stock has limited upside potential for at least the next few months, and we would rather move to the sidelines until we have better visibility into 2013."
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 $57.31 yesterday.
Cantor analyst, said, "Given the numerous near-term headwinds - currency, Europe, slowing U.S. hospital capex, reimbursement uncertainty - we believe the stock has limited upside potential for at least the next few months, and we would rather move to the sidelines until we have better visibility into 2013."
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 $57.31 yesterday.
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