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Fly News Breaks for August 30, 2017
VRML
Aug 30, 2017 | 07:21 EDT
Canaccord analyst Mark Massaro noted Vermillion reported a shortfall in volumes in Q2 and guided to lower Q3 volumes due to a loss of a larger legacy customer. The analyst said the company is feeling good about being a winner from PAMA and, if implemented as planned, could see a material bump higher in reimbursement in 2018. Massaro maintained his Buy rating and lowered his price target to $1.75 from $2.50 on Vermillion shares.
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