Atlantic Securities began coverage on shares of Varian Medical Systems (NYSE: VAR) in a report released on Wednesday. The firm issued an overweight rating and a $85.00 target price on the stock.

Varian Medical Systems traded up 1.54% on Wednesday, hitting $73.2375. Varian Medical Systems has a 1-year low of $52.90 and a 1-year high of $75.78. The stock’s 50-day moving average is currently $71.51. The company has a market cap of $7.991 billion and a price-to-earnings ratio of 18.82.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Agricole reiterated an outperform rating on shares of Varian Medical Systems in a research note to investors on Thursday, February 28th. They now have a $79.00 price target on the stock. Separately, analysts at Brean Murray reiterated a buy rating on shares of Varian Medical Systems in a research note to investors on Wednesday, February 27th. They now have a $80.00 price target on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Varian Medical Systems in a research note to investors on Monday, January 28th. They now have a $77.00 price target on the stock.

Nine research analysts have rated the stock with a buy rating, three have assigned an overweight rating, and six have given a hold rating to the company’s stock. Varian Medical Systems currently has a consensus rating of overweight and a consensus price target of $78.29.

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