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Fly News Breaks for September 27, 2019
AXDX
Sep 27, 2019 | 07:15 EDT
JPMorgan analyst Tycho Peterson downgraded Accelerate Diagnostics to Underweight from Neutral with an unchanged price target of $16. Following the release of "disappointing" results from the Mayo/UCLA study, the company's full-year system placement goal is looking "increasingly ambitious," Peterson tells investors in a research note. The analyst sees risk to Accelerate's near- to intermediate-term outlook and sees better risk/reward opportunities elsewhere.
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