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Fly News Breaks for January 23, 2017
CYNO
Jan 23, 2017 | 09:20 EDT
After Bloomberg reported that Cynosure is exploring strategic options, including selling itself, Stifel analyst Jonathan Block says that the company could be acquired for $65-$70 per share. If the company does not sell itself, it will probably look to make small acquisitions that could boost its revenue growth ,according to the analyst, who keeps a $58 price target and a Buy rating on the shares.
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