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Fly News Breaks for January 4, 2019
VAR
Jan 4, 2019 | 06:08 EDT
Goldman Sachs analyst Isaac Ro upgraded Varian Medical Systems to Buy and raised his price target for the shares to $129 from $107. The company's guidance looks conservative given the new China quota, Ro tells investors in a research note. The new, larger quota in China has the ability to grant approximately 1,400 licenses by 2020, about a 50% increase on a per annum basis from the prior quota, says the analyst. He calls Varian an "out of consensus Buy idea" with China driving upside over the next two years.
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