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VAR

Varian Medical

$117.20

2.61 (2.28%)

16:02
10/23/19
10/23
16:02
10/23/19
16:02

Varian Medical reports Q4 adjusted EPS $1.21, consensus $1.21

Reports Q4 revenue $879M, consensus $858.46M.

  • 23

    Oct

  • 15

    Nov

VAR Varian Medical
$117.20

2.61 (2.28%)

09/23/19
BRRR
09/23/19
NO CHANGE
Target $146
BRRR
Outperform
Varian Medical price target raised to $146 from $142 at Barrington
Barrington analyst Michael Petusky raised his price target for Varian Medical Systems to $146 from $142 after the company held a meeting for investors at this year's ASTRO Conference. Varian remains committed to broadening its "already significant" footprint in the cancer care space and highlighted several ways in which it will deliver value to care providers, patients and payors, Petusky tells investors in a research note. The analyst "strong" believes that the company is well positioned for any potential reimbursement changes that might come as healthcare continues to evolve towards a more value-based model. He keeps an Outperform rating on Varian Medical.
10/14/19
BTIG
10/14/19
UPGRADE
Target $130
BTIG
Buy
Varian Medical upgraded to Buy from Neutral at BTIG
BTIG analyst Sean Lavin upgraded Varian Medical to Buy from Neutral with a $130 price target. Varian shares have pulled back in recent weeks and now trade in line with the comp group, Lavin tells investors in a research note. The analyst, however, thinks the company deserves to trade at a small premium to the group since it growing both revenue and earnings faster than its peers. Further, Varian Medical has an "enviable market leading position," and is shifting its business toward faster growing, higher margin areas such as software and single-use devices, contends the analyst. He views the stock pullback as an opportunity to upgrade the shares to Buy.
10/14/19
10/14/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Nike (NKE) upgraded to Neutral from Underperform at BofA/Merrill with analyst Robert Ohmes saying that he expects the "accelerated democratization" of the brand to offset the broader future challenges around "significant" third-party retail store closures and global stagnation in "performance" footwear/apparel. 2. Western Digital (WDC) upgraded to Buy from Hold at Loop Capital with analyst Ananda Baruah citing his findings that flash memory average selling prices are set to increase starting in the September and December quarters while also sustaining those increases in 2020, along with expectations of strong hyperscale HDD demand next year. 3. Varian Medical (VAR) upgraded to Buy from Neutral at BTIG with analyst Sean Lavin saying Varian shares have pulled back in recent weeks and now trade in line with the comp group. 4. Xilinx (XLNX) upgraded to Buy from Neutral at Nomura Instinet with analyst David Wong saying many risks remain for U.S. semiconductor companies, including uncertainties related to U.S./China trade issues and U.S. action against Chinese companies such as Huawei. 5. HP Enterprise (HPE) upgraded to In Line from Underperform at Evercore ISI with analyst Amit Daryanani saying he is incrementally more positive on cash flow resiliency, the Cray acquisition, recent data points that indicate H3C is performing better than other OEMs in China, and valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/22/19
RBCM
10/22/19
NO CHANGE
Target $140
RBCM
Sector Perform
Varian Medical offers favorable risk/reward ahead of earnings, says RBC Capital
RBC Capital analyst Brandon Henry keeps his Sector Perform rating and $140 price target on Varian Medical ahead of its Q4 earnings tomorrow. The analyst notes that after a 12% pullback in the stock price following Q3 results, Varian shares offer a "favorable" risk/reward and believes that the consensus estimates look "reasonable". After a $5M contribution to the company's revenue by the recently acquired assets, Henry expects that contribution to be closer to $20M in Q4, though the analyst also warns that Varian is up against its "toughest gross order comp" of the year after reporting 84 Halcyon orders in Q4 of last year.

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TORC

resTORbio

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WE

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$NSD

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