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Fly News Breaks for March 20, 2019
NVRO
Mar 20, 2019 | 09:44 EDT
Morgan Stanley analyst David Lewis upgraded Nevro to Overweight from Underweight, telling investors that management changes announced yesterday and the new platform disclosed at NANS 2019 represent "a new beginning" with a material change in strategy. He also reads the changes as evidence that the board is more committed to execution and shareholder returns, Lewis tells investors. He raised his price target on Nevro shares to $70 from $41. Nevro has also been upgraded at Wells Fargo, BofA/Merrill Lynch, JPMorgan and BMO Capital.
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