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Fly News Breaks for February 2, 2018
OSIS
Feb 2, 2018 | 07:30 EDT
Roth Capital analyst Jeff Martin lowered his price target on OSI Systems to $78 from $106 as he believes investors are likely to discount the stock's valuation until the company is cleared of the investigations being conducted by the SEC and DOJ, as revealed last night. However, Martin notes that management expressed conviction in a strong demand environment over the next 18 months and he believes OSI has strong business fundamentals. Martin maintains his Buy rating on OSI shares, which are down 17% to $55.30 in pre-market trading.
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