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Fly News Breaks for May 13, 2015
FMI
May 13, 2015 | 07:28 EDT
Wells Fargo cut its price target on Foundation Medicine after the company reported weaker than expected Q1 results. However, the firm thinks the company's test is clearly differentiated and will be reimbursed more broadly by payers. Wells remains upbeat on the company's long-term outlook and keeps an Outperform rating on the shares.
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