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Fly News Breaks for August 26, 2016
ABT, STJ
Aug 26, 2016 | 07:25 EDT
Canaccord analyst Jason Mills believes St. Jude Medical (STJ) was too harshly punished on a short report raising concerns its CRM devices have lax cybersecurity and can be hacked. The analyst is recommending investors buy St. Jude for a short term trade, as he expects its merger with Abbot (ABT) will close on time and believes the company will address any cybersecurity issues. Mills reiterated his Buy rating and $85 price target on St. Jude Medical shares.
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