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Fly News Breaks for October 2, 2015
FLDM
Oct 2, 2015 | 08:28 EDT
After hosting investor meetings, speaking with management, and conducting channel checks, Cowen analyst Doug Schenkel said he is more comfortable with the firm's second half estimates for Fluidigm. The pullback in shares has been warranted, but a trade back to around $13 per share seems possible, the analyst tells investors in a research note. Schenkel lowered his 2016 revenue estimates and trimmed his price target to $13 from $15 but keeps an Outperform rating on Fluidigm shares.
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