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Fly News Breaks for May 4, 2016
GMED
May 4, 2016 | 07:37 EDT
Brean Capital said they are buyers of Globus Medical on weakness following Q1 results. The firm noted results were disappointing but they consider Q1 a blip rather than a trend. The firm anticipates an acceleration in 2017 due to the expansion into Trauma and Robotics. Brean Capital reiterated its Buy rating and $33 price target on Globus Medical shares.
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