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Fly News Breaks for August 8, 2019
Aug 8, 2019 | 07:16 EDT
RBC Capital analyst Brandon Henry downgraded TransEnterix to Sector Perform and lowered his price target to $1 from $3 after its Q2 results. The analyst notes the company sold just one Senhance system in EMEA, and this was the 2nd consecutive quarter of no U.S. system sales. Henry contends that a neutral rating is more appropriate until there are signs of commercial viability for Senhance in the U.S.
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