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Fly News Breaks for October 26, 2015
NUVA, KTWO
Oct 26, 2015 | 06:06 EDT
Piper Jaffray analyst Matt O'Brien recommends buying both K2M Group (KTWO) and NuVasive (NUVA) into the Q3 earnings reports. Both stocks are down around 5% following soft international results from a few med tech companies, O'Brien tells investors in a research note. K2M's exposure to Brazil and China is essentially zero, while NuVasive has roughly a 2% exposure to Brazil, the analyst contends. He expects domestic strength in both businesses to more than offset any international softness and views the concerns as overblown.
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