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Fly News Breaks for January 22, 2016
ZLTQ, KTWO
Jan 22, 2016 | 06:10 EDT
Piper Jaffray analyst Matt O'Brien says K2M Group is now his top pick after the company announced regulatory clearance for its RHINE cervical disc in Europe. This is "another solid addition" to the company's degenerative portfolio, O'Brien tells investors in a research note. He points out the stock is down 30% year-to-date. K2M replaces ZELTIQ (ZLTQ) as the analyst's top pick. O'Brien has an Overweight rating on K2M with a $40 price target.
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