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Fly News Breaks for July 24, 2015
SPNC
Jul 24, 2015 | 08:57 EDT
Canaccord believes Spectranetics' disappointing guidance will lead to a lower valuation for shares, but the firm sees it as a better balance of downside/upside scenarios. The firm said the company's best chance for redemption is better execution and does not believe its core business in VI and LM has vanished. Canaccord maintained its Buy rating but lowered its price target to $26.50 from $36 on Spectranetics shares.
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