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Fly News Breaks for April 3, 2018
CGIX
Apr 3, 2018 | 07:54 EDT
Maxim analyst Jason McCarthy downgraded Cancer Genetics to Hold from Buy citing the company's "disappointing" Q4 revenues and what he views as a lack of strategic direction at the company. The company's surprising increase in bad debt expense leaves him with concerns around the company's ability to collect account receivables, he added.
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