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Fly News Breaks for October 12, 2018
IRIX
Oct 12, 2018 | 09:05 EDT
Roth Capital transferred coverage of IRIDEX to analyst David Solomon, who maintains a Buy rating but lowered the price target on the stock to $10 from $11. G6 probes are forecasted to drive about 20% top-line growth from FY19-FY23, with gross margins forecasted to expand to 60-65% by FY23, which could drive substantial earnings growth, Solomon tells investors.
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