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VAR

Varian Medical

$119.01

1.56 (1.33%)

16:10
07/25/18
07/25
16:10
07/25/18
16:10

Varian Medical sees FY18 adjusted EPS $4.43-$4.48, consensus $4.48

Sees FY18 revenue growth 9%-11%, consensus $2.83B.

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    Sep

VAR Varian Medical
$119.01

1.56 (1.33%)

06/28/18
JPMS
06/28/18
DOWNGRADE
Target $105
JPMS
Underweight
JPMorgan downgrades Varian to Underweight following period of restriction
JPMorgan analyst Tycho Peterson downgraded Varian Medical Systems (VAR) to Underweight from Neutral following a period of restriction. Persistent order growth volatility, a "sluggish" end market and in the near-term and risk from the U.S.-China trade war weigh on the analyst's longer-term outlook for the stock. Varian has a dominant franchise but a mature industry and premium valuation are hard to overlook, Peterson tells investors in a research note. The analyst sees better risk/rewards in other parts of his coverage universe, including tool names Agilent (A), Danaher (DHR) and Thermo Fisher (TMO).
06/28/18
JPMS
06/28/18
DOWNGRADE
Target $105
JPMS
Underweight
Varian Medical resumed with an Underweight from Neutral at JPMorgan
JPMorgan analyst Tycho Peterson downgraded Varian Medical Systems to Underweight after resuming coverage of the name. The analyst has a $105 price target for the shares.
04/10/18
RBCM
04/10/18
NO CHANGE
Target $115
RBCM
Sector Perform
Varian Medical product portfolio can drive further share gains, says RBC Capital
RBC Capital analyst Brandon Henry keeps his Sector Perform rating and $115 price target on Varian Medical (VAR), saying that the latest radiation oncologist survey findings were largely positive for the company. Henry notes the survey suggests "continued strong mid-single-digit market growth" and the ability for Varian's product portfolio to drive share gains for the company, even though the feedback around Halcyon and HyperArc systems was more mixed among U.S. practitioners. The analyst also contends that the survey findings imply Varian potentially benefiting from acquiring ViewRay (VRAY), as oncologists were "more positive on MR-LINAC adoption than proton therapy".
01/25/18
01/25/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Discover (DFS) downgraded to In Line from Outperform at Evercore ISI. 2. BlackRock (BLK) downgraded to Neutral from Buy at Citi with analyst William Katz saying the "revaluation thesis" is now well understood. 3. bluebird bio (BLUE) downgraded to Market Perform from Outperform at Leerink with analyst Michael Schmidt saying the company's clinical stage pipeline now is fairly valued while visibility into additional near-term sources of upside is limited. 4. Jagged Peak Energy (JAG) downgraded to Sector Perform from Outperform at RBC Capital with analyst Scott Hanold citing a tight frac service market in the Permian that lowers his projected growth outlook, saying the company is "more susceptible to frac service constraints due to its smaller scale and being a relatively newer entrant." 5. Varian Medical (VAR) downgraded to Sell from Neutral at Goldman Sachs with analyst Isaac Ro saying shares offer poor risk/reward versus MedTech peers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

BAS

Basic Energy

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-0.1 (-5.24%)

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MSFT

Microsoft

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0.06 (0.04%)

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QTRH

Quarterhill

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MSFT

Microsoft

$136.29

0.06 (0.04%)

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RRGB

Red Robin

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0.32 (1.06%)

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T

AT&T

$33.09

-0.17 (-0.51%)

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AT&T mulls sale of Puerto Rican business to pay down debt, Bloomberg says »

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RRGB

Red Robin

$30.58

0.32 (1.06%)

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MSFT

Microsoft

$136.29

0.06 (0.04%)

17:50
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Microsoft CFO: Q4 another quarter of double-digit top and bottom line growth »

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HBIO

Harvard Bioscience

$1.78

0.03 (1.71%)

17:46
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MSFT

Microsoft

$136.29

0.06 (0.04%)

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Microsoft CEO seeing growing momentum across every layer of its stack »

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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

17:38
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GLD

SPDR Gold Shares

$136.44

1.85 (1.37%)

17:33
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WAL

Western Alliance

$44.45

0.74 (1.69%)

17:29
07/18/19
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Earnings
Western Alliance reports Q2 EPS 1.19, consensus $1.16 »

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ENB

Enbridge

$36.29

0.17 (0.47%)

17:22
07/18/19
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Initiation
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  • 02

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SEAS

SeaWorld

$33.81

0.38 (1.14%)

17:21
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Travel company Virgin Holidays will end selling tickets to SeaWorld, Sun says »

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  • 06

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IEP

Icahn Enterprises

$75.06

-0.14 (-0.19%)

17:20
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Breaking Syndicate news story on Icahn Enterprises »

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RICK

RCI Hospitality

$16.80

0.08 (0.48%)

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BEDU

Bright Scholar

$9.60

-0.06 (-0.62%)

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Earnings
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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

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CUB

Cubic

$66.59

-0.37 (-0.55%)

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CLRO

ClearOne

$2.27

(0.00%)

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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

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ETN

Eaton

$79.03

-0.36 (-0.45%)

16:49
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  • 30

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ZNGA

Zynga

$6.30

0.07 (1.12%)

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FNF

Fidelity National

$42.65

-0.045 (-0.11%)

16:43
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Recommendations
Fidelity National analyst commentary at Keefe Bruyette »

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