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Fly News Breaks for June 16, 2016
EXAS
Jun 16, 2016 | 07:37 EDT
Craig-Hallum analyst Bill Bonello upgraded Exact Sciences to Buy and raised its price target to $18 from $6. Yesterday, the U.S. Preventive Services Task Force released its final recommendation for colon cancer screening, which was much more favorable for Cologuard than draft recommendation issued in October. The analyst believes Exact Sciences is well-positioned to become standard care for colon cancer screening and views it as a $3B to $5B opportunity over time.
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