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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Mindray Medical International

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Mindray Announces Settlement of Previously Described Masimo Related Litigation
Benzinga's M&A Chatter for Wednesday November 4, 2015

In a report published Wednesday, Jefferies & Company reiterated its Buy rating on Mindray Medical International (NYSE: MR), and raised its price target from $34.00 to $36.00.

Jefferies noted, “MR put up a mixed 3Q with a drastic slowdown in PMLS, a sequential stepback in the margin profile, but in-line non-GAAP EPS. Language regarding deterioration in developed markets, abrupt CEO change, and still unresolved supplier dispute leave lingering questions but overall growth profile still among upper tier.”

Mindray Medical International closed on Tuesday at $31.90.

Latest Ratings for MR

Nov 2015Standpoint ResearchDowngradesBuyHold
Jun 2015JMP SecuritiesUpgradesUnderperformMarket Perform
Mar 2015Credit SuisseDowngradesNeutralUnderperform

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