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Fly News Breaks for May 4, 2018
ANIK
May 4, 2018 | 08:33 EDT
Barrington analyst Michael Petusky upgraded Anika Therapeutics to Outperform with a $39 price target. Though the stock "deserved to be taken to the proverbial woodshed yesterday" following the Q1 results, the 25% selloff "feels somewhat overdone," Petusky tells investors in a research note. The analyst sees longer-term opportunities for growth and margin expansion.
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