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Fly News Breaks for February 19, 2020
ELGX
Feb 19, 2020 | 20:45 EDT
Piper Sandler analyst Matt O'Brien lowered his price target on Endologix to $1 after its in-line Q4 results, saying that while he expects the company's growth profile to improve going forward, its 2019 headwinds around FDA communication and disappointing clinical data will take some some to fix. The analyst adds that he will await the Alto approval before becoming more constructive on Endologix shares.
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