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Fly News Breaks for May 19, 2016
MDT, MZOR
May 19, 2016 | 06:57 EDT
Wells Fargo analyst Craig Bijou upgraded Mazor Robotics (MZOR) to Outperform saying the stock has more appreciation potential after yesterday's rally on its commercial agreement with Medtronic (MDT). The partnership "provides a strong endorsement" of Mazor's next-generation technology, Bijou tells investors in a research note. He raised his price target range for the shares to $15-$17 from $10-$13. Mazor closed yesterday up 25%, or $2.65, to $13.28.
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