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Fly News Breaks for September 15, 2015
MYGN
Sep 15, 2015 | 07:07 EDT
Wells Fargo increased its price target on Myriad as the firm says that the company's plan for achieving $1.5N of revenue by fiscal 2020 is "credible." The firm believes that the stock would rise significantly if the company achieves its long-term goals. It's confident that the company's margins will rise and views Myriad's capital deployment opportunities, including share buybacks and accretive M&A, as underappreciated. Wells keeps an Outperform rating on the shares.
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