Mizuho lowered the firm’s price target on Nevro to $18 from $20 and keeps a Neutral rating on the shares post the Q3 report. The company’s gross margin was below Street estimates due to price erosion in legacy products and high cost inventory, and its Q4 revenue guide was slightly below the Street, the analyst tells investors in a research note.
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Read More on NVRO:
- Nevro price target lowered to $14 from $19 at Baird
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