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Fly News Breaks for February 14, 2017
CUTR
Feb 14, 2017 | 08:21 EDT
Maxim analyst Anthony Vendetti noted that Cutera reported Q4 results inline with its better-than-expected preannouncement and gave Q1 revenue guidance that was above consensus. He thinks continued investment in its salesforce, a new product launch and the new indication for its truSculpt system should enable Cutera to continue double-digit topline growth and he raised his price target on the stock to $24, citing primarily expanding industry multiples.
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