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Fly News Breaks for December 15, 2016
HOLX
Dec 15, 2016 | 07:55 EDT
Leerink analyst Richard Newitter says Hologic remains a top pick following the company's announcement that it will divest the blood screening business. The analyst believes the deal represents a "solid" value/purchase price for the asset, and says it will accelerate Hologic's organic top and bottom-line growth profile and will increase the company's balance sheet flexibility. He reiterates an Outperform rating on the shares.
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