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Fly News Breaks for October 8, 2019
QGEN
Oct 8, 2019 | 05:32 EDT
Piper Jaffray analyst William Quirk lowered his price target for Qiagen to $31 from $36 after the company announced that its long-standing CEO Peer Schatz is resigning, Q3 results are below expectations, and a decision to partner with Illumina on NGS kits, which leads to ending development of its GeneReader system. The analyst believes Qiagen's turnaround will take time and he keeps a Neutral rating on the shares.
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