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Fly News Breaks for November 16, 2016
NVDQ
Nov 16, 2016 | 07:11 EDT
First Analysis analyst Tracy Marshbanks believes the recent selloff in Novadaq has created an attractive buying opportunity. She attributes the weakness following its investor day to two factors: the fact that the company intends to close the PILLAR III study well short of full enrollment - which is typically a negative - and worries about a freeze on capital purchases as providers await clarity following the election. However, Marshbanks doesn't think the trial closing is a negative in this case, as she believes the study is being halted for valid reasons and is the right decision. She keeps an Overweight rating on Novadaq shares.
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