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Fly News Breaks for July 27, 2016
EXAS
Jul 27, 2016 | 09:05 EDT
Craig-Hallum analyst Bill Bonello continues to view Exact Sciences as a "Big Idea" longer-term and raised its price target to $26 from $18. The analyst expects widespread commercial reimbursement in light of the positive USPSTF final recommendation for colon cancer screening and said it seems reasonable that Cologuard volume would be at least be equal to that of Colonoscopy, or approximately 4 million tests per year, over time. Bonello has a Buy rating on Exact Sciences.
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