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UPDATE: Morgan Stanley Reiterates On Varian Medical Systems, Inc. As Reimbursement Change Is Coming for 2015

By Insider Scoop
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Courtesy of Benzinga.

Related VAR
Earnings Scheduled For July 23, 2014
Benzinga's Top Initiations

In a report published Monday, Morgan Stanley analyst Steve Beuchaw reiterated an Underweight rating on Varian Medical Systems, Inc. (NYSE: VAR), but removed the $76.00 price target.

In the report, Morgan Stanley noted, “ASTRO’s reimbursement update confirmed that a new radiation oncology rate structure will bundle codes and stratify rates by case complexity. We continue to see downside to payment levels and pressure ahead for the US market.”

Varian Medical Systems closed on Friday at $85.33.

Latest Ratings for VAR

Date Firm Action From To
Jul 2014 JP Morgan Maintains Overweight
Jul 2014 Jefferies Maintains Buy
Jun 2014 ISI Group Initiates Coverage on Neutral

View More Analyst Ratings for VAR
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Steve BeuchawAnalyst Color Price Target Analyst Ratings

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