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Fly News Breaks for October 16, 2019
HOLX
Oct 16, 2019 | 05:25 EDT
Piper Jaffray analyst William Quirk says his channel checks on Hologic's CynoSure are "stable," with eBay data suggesting secondhand laser availability was essentially flat sequentially in the quarter, with slightly higher selling prices year-over-year. The analyst believes Hologic's Molecular Diagnostics business will "once again" have the largest incremental impact on potential upside in the quarter. The stock can continue to move higher on a Q4 beat, Quirk tells investors in a pre-earnings research note. He keeps an Overweight rating on Hologic with a $59 price target.
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