Barrington Research Maintains Perform on Varian

Barrington Research reiterates its Perform rating on Varian VAR as the company posts a mixed quarter, but has a new product cycle is a likely positive catalyst for years to come. Barrington Research notes, " VAR reported mixed Q1/12 results with earnings coming in ahead of expectations, but revenue and orders came in a bit below expectations. There was strong order growth internationally led by Asia and solid growth in South America. In general, we believe VAR has a solid product line that should enable the company to take market share and grow for the foreseeable future. However, we continue to be concerned about the recent fall-off in orders from alternate sites in the U.S." VAR closed at $66.09 a share on Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Analyst ColorPrice TargetReiterationPre-Market OutlookAnalyst RatingsBarrington Research
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!