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Fly News Breaks for May 11, 2016
BDSI
May 11, 2016 | 06:52 EDT
Cantor Fitzgerald analyst Chiara Russo downgraded BioDelivery Sciences to Hold and lowered her price target for the shares to $5 from $9. The analyst sees "decreased clarity" on top-line growth and disagrees with management's decision to enhance profitability via cutting SG&A rather than R&D.
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