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Fly News Breaks for February 24, 2016
EXAS
Feb 24, 2016 | 13:39 EDT
Craig-Hallum analyst Bill Bonello downgraded Exact Sciences to Hold from Buy and cut his price target for the shares to $6 from $22 following the company's Q4 results. The "very low" sequential growth in Q4 for the Cologuard test indicates the 2016 volume guidance is aggressive, Bonello tells investors in a research note. The molecular diagnostics company is down 8% to $5.88 in afternoon trading.
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