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Sell: Varian Medical Systems (VAR)

Sell

Varian Medical Systems (VAR)
from Dow Theory Forecasts, recommended at $67 in the April 22, 2013 Daily Alert and Investment Digest issue 741, and, before that, at $53 in Investment Digest issue 667, dated March 17, 2010.

Varian Medical Systems ($73; VAR) is being removed from the Long-Term Buy list. Shares slumped...

Sell

Varian Medical Systems (VAR)

from Dow Theory Forecasts, recommended at $67 in the April 22, 2013 Daily Alert and Investment Digest issue 741, and, before that, at $53 in Investment Digest issue 667, dated March 17, 2010.

Varian Medical Systems ($73; VAR) is being removed from the Long-Term Buy list. Shares slumped after Varian missed consensus estimates for both sales and per-share profits in the September quarter. The company’s guidance also fell well short of analyst targets. The stock earns an Overall rank of 72 and a 12-Factor Sector score of just 21. Varian is being dropped from coverage and should be sold.

Richard J. Moroney, CFA, Dow Theory Forecasts, www.dowtheory.com, 800-233-5922, November 11, 2013