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Fly News Breaks for February 5, 2016
PACB
Feb 5, 2016 | 07:46 EDT
Stephens analyst Drew Jones noted that Pacific Biosciences gave fiscal year guidance that was well above the consensus expectation and said he sees substantial runway ahead for the company as it keeps lowering sequencing costs per genome and enters a new market. Jones raised his price target on Pacific shares to $12 from $8 and keeps an Overweight rating on the stock.
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