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Fly News Breaks for November 5, 2019
MYGN
Nov 5, 2019 | 05:32 EDT
Piper Jaffray analyst William Quirk lowered his price target for Myriad Genetics to $22 from $40 after the company reported a Q1 revenue decline of 7.9% to $186.3M, or well below its guidance of $200M-202M. Even adjusting for an updated accrual revenue would have been below guidance, Quirk tells investors in a research note. He maintains a Neutral rating on Myriad Genetics.
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