UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on Accuray

In a report published Friday, Jefferies & Company reiterated its Buy rating on Accuray (NASDAQ: ARAY ), but lowered its price target from $10.00 to $6.50. Jefferies noted, “Accuray posted preliminary F2Q results well below expectations and drastically reduced its F13 guidance. The reset under new management was expected but