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Fly News Breaks for April 12, 2016
FLDM
Apr 12, 2016 | 10:58 EDT
Leerink analysts led by Dan Leonard lowered Fluidigm's price target to $15 from $20 following the company's disclosure that the new 800 cell chip for medium-sized cells on its C1 instrument is now a Q4 event, and not a Q2 event as previously thought. Leonard said he is increasingly "wary" that the launch of ultra-high throughput, 10,000 cell chip is a 2017 event. The analyst maintains an Outperform rating on Fluidigm shares.
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