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Fly News Breaks for August 26, 2019
AVDR, GKOS
Aug 26, 2019 | 06:58 EDT
JPMorgan analyst Robbie Marcus sees a "notable buying opportunity" following the post-earnings weakness in shares of Glaukos (GKOS). Fundamentals in the underlying business remain strong, the company's pipeline of products remains solid, and management remains confident in the Avedro (AVDR) deal, Marcus tells investors in a research note. He sees a "highly favorable" risk/reward for shares of Glaukos entering late 2019 and 2020. The analyst keeps an Overweight rating on the shares with a $90 price target.
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