UPDATE: Haemonetics (HAE) Initiated with 'Sell' Rating at Off Wall Street, PT $24
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(Updated - October 14, 2016 10:42 AM EDT)
Haemonetics (NYSE: HAE) was initiated with a Strong Sell recommendation at Off Wall Street, according to contacts. The stock was given a price target of $24, implying downside of 34%. Analysts said plasma revenue is unlikely to meet consensus. The report also noted that China is believed to be taking share, and public awareness is increasing regarding the risks of blood transfusion.
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