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Fly News Breaks for January 11, 2017
NVDQ
Jan 11, 2017 | 07:41 EDT
Canaccord analyst Jason Mills lowered his price target on Novadaq to $10 from $15 following the company's pre-announcement that it missed Q4 earnings and revenue estimates. Mills expects the stock will open sharply lower, but believes despite the company's poor execution, the value of the enterprise is higher. Mills maintained his Buy rating on Novadaq shares, which are down about 16% in pre-market trading.
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