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Fly News Breaks for January 8, 2020
SPNE
Jan 8, 2020 | 07:50 EDT
Cantor Fitzgerald analyst Craig Bijou believes SeaSpine's stock offering provides the company with more financial flexibility and should remove capital concerns. The analyst reiterates an Overweight rating on the shares with a $22 price target following the company's preliminary Q4 results. SeaSpine's "strong" U.S. growth is evidence of building momentum as several of its recent product launches are starting to contribute, Bijou tells investors in a research note.
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