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Fly News Breaks for December 21, 2017
ALR, QDEL
Dec 21, 2017 | 07:45 EDT
Canaccord analyst Mark Massaro raised his price target on Quidel (QDEL) to $52 from $48 following the company's conference call to discuss its recently acquired Triage and BNP assets from Alere (ALR). The analyst believes Quidel shares are undervalued as he believes management's estimates on synergies may prove conservative, particularly because savings are likely to continue after the end of 2018. Massaro reiterated his Buy rating on Quidel shares.
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