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Fly News Breaks for November 7, 2018
BIOS
Nov 7, 2018 | 10:21 EDT
Barrington analyst Michael Petusky raised his price target for BioScrip to $4.50 from $4.00 after the company's reported Q3 results above expectations. A "new chapter" of organic revenue growth could be beginning, Petusky tells investors in a research note. He expects expect sequential improvement in both adjusted earnings and EBITDA in Q4 and urges investors to consider the stock at current levels. Petusky keeps an Outperform rating on BioScrip.
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