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Fly News Breaks for April 29, 2015
NUVA
Apr 29, 2015 | 08:55 EDT
Wells Fargo believes the settlement NuVasive reached with the Department of Justice removes an overhang on the stock and that the $13.8M fine is "relatively immaterial." Wells notes NuVasive will likely not be subject to a corporate integrity agreement which it says would have increased expenses. It expects shares to move higher on the news and keeps an Outperform rating on the name.
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