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Fly News Breaks for January 8, 2020
NUVA
Jan 8, 2020 | 07:43 EDT
Credit Suisse analyst Matt Miksic raised his price target for NuVasive to $87 from $76 noting that the company has regained its competitive footing and delivered three quarters of improving U.S. Spinal Hardware growth, culminating in 9.5% growth in Q3 in a market growing about 1%-2%. The analyst sees increased adoption of the X360 lateral single-position procedure, as well as pull-through of posterior fixation technologies as driving growth going forward. He reiterates an Outperform rating on the shares.
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