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Fly News Breaks for October 5, 2018
CUTR
Oct 5, 2018 | 07:38 EDT
Stifel analyst Jonathan Block said that while he believes Cutera is putting the right long-term pieces in place, some initiatives may take time and he prefers to see how 2019 revenue growth plays out before he would become more constructive on the shares. The analyst, who noted that the company had previously cut its 2018 EPS view meaningfully on its Q2 earnings call prior to last night's negative pre-announcement regarding Q3, keeps a Hold rating on Cutera shares and lowered his price target to $29 from $45.
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