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Fly News Breaks for January 8, 2016
GMED
Jan 8, 2016 | 06:43 EDT
BofA/Merrill downgraded Globus Medical two notches to Underperform from Buy and lowered its price target to $28 from $30 on shares. The firm sees limited upside to 2016 earnings or revenue growth and expects 2016 to be relatively challenging to comps and competition more challenging.
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