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Fly News Breaks for August 14, 2019
MYGN
Aug 14, 2019 | 07:04 EDT
Myriad Genetics reported another disappointing quarter as most products fell short of expectations, JPMorgan analyst Tycho Peterson tells investors in a research note. While the company continues to make incremental progress on guideline and reimbursement expansion for a number of products, the timing and magnitude of revenue upside remains uncertain, adds the analyst. Peterson sees more downside risk for shares at current levels and maintains an Underweight rating on Myriad Genetics with a $27 price target.
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