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Mazor reiterated as buy by Ladenburg

June 12, 2017

Ladenburg Thalmann reiterates Buy rating and $46 price target on Mazor Robotics (NASDAQ: MZOR), following reports the Israel Securities Authority had conducted a search at the company’s Israeli offices (in late May) and also had questioned certain officers in connection with an investigation held by them.

Analyst Jeffrey Cohen suggests that management believes the whole situation is being misunderstood by the press, noting the company or public may never get any insight on the inquiry from the Israel Securities Authority, but the visit is likely not connected to the company’s business.

http://bit.ly/2rTTAYg

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