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Fly News Breaks for May 11, 2017
MDT, MZOR
May 11, 2017 | 07:07 EDT
Wells Fargo analyst Craig Bijou downgraded Mazor Robotics (MZOR) to Market Perform citing valuation with the shares up 295% since the Medtronic (MDT) agreement announcement nearly a year ago. The analyst continues to believe Mazor's fundamentals remain strong, however. He raised his price target for the shares to $38. First Analysis this morning also downgraded Mazor due to valuation.