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Fly News Breaks for July 6, 2017
BRKS
Jul 6, 2017 | 09:38 EDT
Needham analyst Y. Edwin Mok notes that Brooks Automation announced the acquisition of Pacific Bio-Material Management, which he believes is a similar deal to the very successful BioStorage acquisition, further pushing the company into a service-based recurring business that should enhance the consistent growth trajectory of the life science business. The analyst sees the recent sell-off as buying opportunity given solid fundamentals, and reiterates a Buy rating and $28 price target on the shares.
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