Cyberonics (CYBX) Tops Q4 EPS by 1c
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Canaccord Genuity Raised Price Target on Cyberonics (CYBX) Ahead of Sorin Group Merger
June 5, 2015 8:56 AM EDTCanaccord Genuity maintains a Hold raating on Cyberonics (NASDAQ: CYBX), and raised the price target to $65.00 (from $62.00), ahead of pending a merger with Sorin Group. Analyst Jason Mills remains cautiously optimistic about the potential.
Mills commented, "We are taking over coverage of CYBX ahead of the pending merger with Sorin Group. Commensurate with the thinking of our partner, Bill Plovanic, we remain cautiously optimistic about the potential for accretive revenue and operating synergies in the wake of this combination. While F4Q top-line results underwhelmed relative to expectations, namely in the US, the... More
