Canaccord Genuity Q1 Review on MAKO Surgical (MAKO): Shark Week Back in Focus
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Price: $10.50 --0%
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
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Canaccord Genuity maintains a 'Hold' on MAKO Surgical (NASDAQ: MAKO) price target of $14.00 (from $16.00).
Analyst, William J. Plovanic, said, "We maintain our rating following Q2/12 results that were in line with preliminary results. Management noted refocused priorities including improving sales leadership and talent, an increased focus on growing utilization at current accounts, and changing its practices for box sales to broaden its potential customer base and improve sales timelines. We will wait for these changes to bear fruit before getting aggressive on the name. Lastly, hip continues to be a central theme to the story, with new software and implants launching in the H2/12."
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 $12.18 yesterday.
Analyst, William J. Plovanic, said, "We maintain our rating following Q2/12 results that were in line with preliminary results. Management noted refocused priorities including improving sales leadership and talent, an increased focus on growing utilization at current accounts, and changing its practices for box sales to broaden its potential customer base and improve sales timelines. We will wait for these changes to bear fruit before getting aggressive on the name. Lastly, hip continues to be a central theme to the story, with new software and implants launching in the H2/12."
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 $12.18 yesterday.
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