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Fly News Breaks for August 2, 2019
HAE
Aug 2, 2019 | 08:24 EDT
Jefferies analyst Anthony Petrone raised his price target for Haemonetics to $140 from $125 to reflect the company's new reporting structure. The target reflects optically higher growth in Plasma as the customer-centric reporting structure better captures underlying trends in disposables, Petrone tells investors in a research note. Beyond optics, the analyst sees worsening IVIG drug shortages as supportive of upside to Haemonetics' Plasma growth. He keeps a Buy rating on the shares.
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