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Fly News Breaks for April 27, 2015
SPNC
Apr 27, 2015 | 07:48 EDT
Canaccord said Spectranetics should be bought aggressively as Friday's selloff appears to be an overreaction to its Q1 revenue miss. The firm sees investors buying the stock now as essentially getting a Stellarex call option for free, adding that its Stellarex pipeline could allow it to become the company's largest revenue product. Canaccord reiterated its Buy rating and $36 price target on Spectranetics shares.
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