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Fly News Breaks for October 20, 2015
RHHBY
Oct 20, 2015 | 07:42 EDT
Cowen downgrade Roche to Market Perform from Outperform as they see risks to the company's strategy, most notably its IO/IO combination therapy. The firm, which is also more cautious on Roche's IO/chemo approach ahead of the Avastin expiration at the end of the decade, lowered its price target to $35 from $42 on the shares.