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Fly News Breaks for August 22, 2019
RGEN
Aug 22, 2019 | 16:22 EDT
Stephens analyst Jacob Johnson resumed coverage of Repligen with an Overweight rating and $110 price target. The analyst called Repligen's management "best-in-class" and believes the company has "positioned itself with the right area of a rapidly growing industry." While Johnson would ideally like to find a cheaper entry point into the stock, which trades at a premium valuation, he believes there is no shortage of momentum in the company's operations.
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