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Fly News Breaks for August 21, 2018
NEO
Aug 21, 2018 | 07:15 EDT
Leerink analyst Puneet Souda started NeoGenomics with an Outperform rating and $18 price target. The analyst believes the company is a "uniquely" positioned one-stop shop oncology testing service provider with faster turnaround times versus its competition and a tech-only model that has helped it grow to the current levels. Souda projects NeoGenomics to deliver a 13% sales CAGR and about 25% adjusted EBITDA growth over the longer-term.
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