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Enter Symbol:
 
Varian Medical Systems, Inc. (VAR) [hlAlert]

Rating:
Sell VAR
up 68.94 %

Varian Medical Systems, Inc. (VAR) downgraded to Sell by Citigroup

Posted on: Friday,  Apr 19, 2013  8:25 AM ET by Citigroup

Citigroup rated Sell Varian Medical Systems, Inc. (NYSE: VAR) on 04/19/2013. Previously Citigroup rated Buy Varian Medical Systems, Inc. (NYSE: VAR) on
08/21/2009., when the stock price was $39.00. Since then, Varian Medical Systems, Inc. has gained 68.95% as of 04/19/2013's recent price of $65.89.
If you would have followed the previous Citigroup's recommendation on VAR, you would have gained 68.94% of your investment in 1337 days.

Varian Medical Systems, Inc., of Palo Alto, California is the world's leading supplier of equipment and software for treating cancer. The company is also a premier supplier of components including X-ray tubes and flat-panel detectors for medical, scientific, and industrial imaging. Varian Medical Systems employs approximately three thousand nine hundtre people who are located at manufacturing sites in North America and Europe and in its 55 sales and support offices around the world.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/19/2013 8:25 AM Sell
None
65.89
as of 12/13/2013
1 Week up  3.60 %
1 Month down  -3.21 %
3 Months down  -2.56 %
1 YTD down  -22.23 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/21/2009 8:25 AM Buy
None
39.00 45.00
8/11/2008 8:25 AM Hold
None
61.13 61.00

(*) Stock Price at the time of the recommendation.
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