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Fly News Breaks for May 12, 2017
CRL
May 12, 2017 | 07:26 EDT
SunTrust analyst Sandy Draper believes that Charles River reported "solid" results.He thinks investors are worried that the company's lower than expected Discovery and Safety Assessment revenue "indicates a cycle top for early-stage research." The analyst disagrees with this assessment ,partly because of the company's "rapidly accelerating bookings growth in March." He thinks the stock's weakness has created a good buying opportunity and keeps a $105 price target on the name.
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