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Fly News Breaks for May 4, 2015
SPNC
May 4, 2015 | 07:58 EDT
Canaccord said Spectranetics deserved to pull back after its Q1 top-line miss, but the firm believes its weakness was a "major" overreaction and they would be aggressive buyers of the shares. The firm cited expectations for its Stellarex franchise, its intact long-term growth drivers and the risk/reward for the shares. Canaccord reiterated its Buy rating and $36 price target on Spectranetics.
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