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Fly News Breaks for September 26, 2019
HOLX
Sep 26, 2019 | 06:23 EDT
BofA/Merrill analyst Ivy Ma upgraded Hologic to Buy and raised her price target to $59 from $54, saying she sees the company being on "steadier footing with organic growth upside in FY20" thanks to its tuck-in acquisitions. The analyst notes the deals boosted Hologic's breast health and the strength in molecular diagnostics, adding that its Cynosure headwinds also have likely bottomed out.
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