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Fly News Breaks for August 8, 2019
AERI
Aug 8, 2019 | 05:49 EDT
Piper Jaffray analyst Joseph Catanzaro lowered his price target for Aerie Pharmaceuticals to $53 from $76 after the company took down its 2019 revenue guidance. The analyst, however, keeps an Overweight rating on the stock and urges patience. Near-term downside risk is "diminished to some degree" as consensus numbers in the back half of the year become more achievable, Catanzaro tells investors in a research note.
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