Loading...
Loading...
In a report published Friday, Citigroup analyst Matthew J. Dodds reiterated a Buy rating on
CyberonicsCYBX, and raised the price target from $80.00 to $85.00.
In the report, Citigroup noted, “F4Q13 EPS was $0.02 ahead of the Street as a slight miss in sales was aided by a slightly better GM and a lower tax rate. January proved to be a difficult month – largely due to weather – but this was largely offset by a large EMEA tender. While the US slowdown was a bit disappointing, it lines up with MDT's recent commentary and we sense CYBX is very confident in a strong F2014 finish.”
Cyberonics closed on Thursday at $69.36.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in