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Fly News Breaks for August 2, 2019
BEAT
Aug 2, 2019 | 08:24 EDT
As previously reported, Raymond James downgrade BioTelemetry (BEAT) to Market Perform from Outperform. Analyst Jayson Bedford has increased concerns around market share loss and BioTelemetry's growth profile following slower Q2 organic growth announced earlier this week and competitor iRythm's (IRTC) strong results. Bedford said the margin structure is already "optimized" and the company lacks identifiable new growth drivers to drive shares higher.
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