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Fly News Breaks for November 12, 2015
ELOS
Nov 12, 2015 | 07:57 EDT
Brean Capital lowered its price target on Syneron Medical to $13 from $18 following its Q3 revenue miss. The firm cited the decline in the EMEA business, slow Ultrashape uptake and the loss of a CoolTouch OEM customer. Brean Capital maintains its Buy rating on Syneron Medical, as it is now views the stock as extremely undervalued compared to peers.
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