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Fly News Breaks for January 20, 2017
NSTG
Jan 20, 2017 | 07:57 EDT
Cowen analyst Doug Schenkel lowered his price target on NanoString to $25 and cut his forecast to reflect the impact of its Q4 miss and lingering uncertainty. Despite the shortfall, Schenkel still believes in the company's platform and views the recent selloff as disproportionate. He believes better execution will drive the shares higher and said the company remains attractive as a standalone and strategic asset. Schenkel maintained his Outperform rating on NanoString shares.
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