Fly News Breaks for May 31, 2016
MDT, MZOR
May 31, 2016 | 05:54 EDT
Sterne Agee CRT analyst Gregory Chodaczek downgraded Mazor Robotics (MZOR) to Neutral citing valuation with the stock up 60% since May 18. Even with the agreement with Medtronic (MDT), Mazor's current valuation looks stretched, Chodaczek tells investors in a research note. He notes the stock is above his previous $15 price target. The Israel-based medical device company closed Friday up 16c to $16.88.
News For MZOR;MDT From the Last 2 Days