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Fly News Breaks for February 28, 2019
CRY
Feb 28, 2019 | 06:19 EDT
As previously reported, Needham analyst Mike Matson initiated CryoLife with a Hold rating. The analyst says the company has undergone a transition after its two acquisitions in 2015 and has a full pipeline that includes 13 new products, but also believes that these assets will not "begin to translate to stronger revenue growth until 2020". Matson sees 2019 as a "transition year" for Cryolife's earnings and margins, stating that its current valuation is fair.
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