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Fly News Breaks for May 14, 2015
CRME
May 14, 2015 | 08:56 EDT
Canaccord noted Cardiome missed the firm's top-line Q1 estimates due to the timing of orders and foreign exchange headwinds. The firm noted management maintained its full-year Aggrastat revenue estimates, suggesting sales will bounce back in subsequent quarters. Canaccord reiterated its Buy rating and raised its price target to $16 from $14 on Cardiome shares.
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