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Fly News Breaks for April 19, 2017
ISRG, MZOR
Apr 19, 2017 | 10:51 EDT
Standpoint analyst Ronnie Moas double downgraded Mazor Robotics (MZOR) to Reduce from Buy with the stock up 63% since he initiated coverage on July 8 of last year. The stock's valuation, at 11 times sales, is similar to Intuitive Surgical (ISRG), but Mazor is yet to turn a profit, the analyst adds. Moas says he'd likely reinstate his Buy recommendation if the stock were to retreat to the $28 level. Mazor is up 6% to $32.98 in morning trading following Intuitive's better than expected earnings report.
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