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Fly News Breaks for May 3, 2019
FLDM
May 3, 2019 | 05:39 EDT
Piper Jaffray analyst William Quirk raised his price target for Fluidigm to $16 from $14 and reiterates an Overweight rating on the shares following the company's Q1 results. Following the relatively in-line quarter, Q2 revenue guidance is below consensus, but cash usage is much better than expectations, Quirk tells investors in a research note. The analyst believes Fluidigm is executing on its Mass Cytometry opportunity and that the company "remains poised for upside in future quarters."
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