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Fly News Breaks for December 3, 2019
VRAY
Dec 3, 2019 | 06:58 EDT
Cantor Fitzgerald analyst Craig Bijou believes ViewRay's equity offering should remove the company's financing headwind that has weighed on the shares throughout 2019. Further, the analyst is "somewhat surprised" that the company announced two collaborations. The collaboration and minority investment by Elekta suggest that Elekta believes that ViewRay's MRIdian likely has advantages over its own Unity, Bijou tells investors in a research note. The analyst keeps an Overweight rating on ViewRay with a $6 price target.
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