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Fly News Breaks for February 3, 2017
PKI
Feb 3, 2017 | 08:00 EDT
BofA/Merrill analyst Derik de Bruin downgraded PerkinElmer to Underperform and lowered its price target to $48 from $54 saying 2017 guidance looks ambitious given numerous moving parts and increasing competition. The analyst said near-term catalysts are limited and said shares could be range bound.
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