Craig-Hallum analyst Bill Bonello lowered the firm’s price target on Exact Sciences (EXAS) to $65 from $82 and keeps a Buy rating on the shares. The firm expect shares to be down substantially as the company reported a modest Q3 revenue miss and significantly lowered full year guidance. While Craig-Hallum expects the shares to recover over time, it thinks it will take a few quarters for management to regain investor confidence.
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