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Fly News Breaks for December 2, 2015
CPHD
Dec 2, 2015 | 06:25 EDT
Wells Fargo analyst Tim Evans downgraded Cepheid to Market Perform citing credibility and visibility concerns after the company cut its 2017 profitability targets. The "abrupt change" is concerning since it comes after "many public and private reiterations" of the targets, including as recently as six weeks ago, Evans tells investors in a research note. He lowered his price target range for the stock to $32-$34 from $35-$37.
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