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Fly News Breaks for August 8, 2019
AERI
Aug 8, 2019 | 07:32 EDT
Cantor Fitzgerald analyst Elemer Piros lowered his price target for Aerie Pharmaceuticals to $62 from $85 after the company cut its 2019 revenue guidance by one-third, on average, to $75M from $115M. The revenue inflection point has been moved to 2020, when both Rhopressa and Rocklatan will be more widely reimbursed, Piros tells investors in a post-earnings research note. He keeps an Overweight rating on Aerie Pharmaceuticals.
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