Cyberonics price target lowered to $63 from $73 at Canaccord

theflyonthewall.com

Canaccord lowered its price target on Cyberonics to $63 from $73 following soft Q4 results. The firm cited a market disruption from the Affordable Care Act as well as weather but believes investors will stay close to the story given the market opportunity of its heart failure indication. Shares remain Buy rated.

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