UPDATE: Piper Jaffray Reiterates Overweight on MAKO Surgical, Raises PT to $36

Piper Jaffray reiterated its Overweight rating on MAKO Surgical MAKO. At the same time, the rating agency raised its price target on the company's stock from $35 to $36. On Monday, MAKO lost 10.9% of its value to finish the day at $21.41. Its shares rebounded in today's pre-market trading, rising 8.59% to stand around $23.25.