Novadaq Technologies (NVDQ): Cutting PT After Preannouncement - RBC
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Rating Summary:
5 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 33
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RBC Capital analyst, Douglas Miehm, reiterated his Outperform rating on shares of Novadaq Technologies (NASDAQ: NVDQ) but cut his price target to $13 after the company reported preliminary Q4/16 revenues of $20.2MM, below consensus.
Guidance for 2017 of $98-102MM was also provided, and is below consensus of $111MM. The $13 PT drops from $16.
For an analyst ratings summary and ratings history on Novadaq Technologies click here. For more ratings news on Novadaq Technologies click here.
Shares of Novadaq Technologies closed at $7.65 yesterday.
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