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Fly News Breaks for August 25, 2015
MYGN
Aug 25, 2015 | 07:41 EDT
As noted earlier, Wells Fargo upgraded Myriad to Outperform from Market Perform. After meeting with the company's CFO, Wells is more convinced that its risk/reward ratio has become more positive. Wells believes that the company's share of hereditary testing is more stable than the bears believe, while its expanded product lines should bear fruit within the next year. Wells is also upbeat on the company's management team, and thinks that its Analyst Day on September 14 could be a positive catalyst. Wells keeps an Outperform rating on the shares.
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