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Fly News Breaks for July 27, 2016
GMED
Jul 27, 2016 | 07:39 EDT
Leerink analyst Richard Newitter downgraded Globus Medical to Market Perform citing the company's weaker than expected Q2 revenue and reduced organic growth outlook. The company's organic growth has now slowed to its lowest level since being public, the analyst tells investors in a post-earnings research note. Newitter lowered his price target for the shares to $27 from $29. Wells Fargo this morning also downgraded Globus Medical.
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