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Fly News Breaks for March 2, 2018
OPK
Mar 2, 2018 | 10:37 EDT
Barrington analyst Michael Petusky said that Opko Health's service revenue in Q4 was well below his estimate even when adjusted up to exclude the negative one-time revenue adjustments the company disclosed and that an adjusted loss of (13c) would also have missed the (8c) consensus. He lowered his price target on Opko shares to $7 from $10 following the worse than expected report, though he keeps an Outperform rating on the stock, which is down about 7% in early trading to $2.97 per share.
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