Jefferies Maintains a 'Buy' on Cyberonics (CYBX); First Depression Paper Released

Jefferies maintains a 'Buy' on Cyberonics (NASDAQ: CYBX) price target of $58.00.

Analyst, Raj Denhoy, said, "Results from the analysis of outcomes of VNS therapy for treatment-resistant depression in Medicare patients were released in manuscript form ahead of publication in the upcoming Journal of Medical Economics. The analysis reads quite favorably for VNS and could be instrumental in reconsideration of coverage for TRD by CMS and private payors."

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 $50.13 yesterday.

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