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Fly News Breaks for April 14, 2015
MDXG
Apr 14, 2015 | 08:59 EDT
Canaccord defended MiMedx following its report of Q1 revenue that slightly missed consensus. The firm noted revenues came in above their estimates, but just shy of consensus, due to the poor weather as well as reimbursement changes that went into effect on January 1. Canaccord also cited the addition of new health plan coverage of roughly150M lives and said the stock remains one the firm's favorite medtech names. anaccord reiterated its Buy rating and $14 price target on MiMedx shares.
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