Canaccord Genuity Reiterates a 'Buy' on OraSure Technologies (OSUR); Identifies MDx Entry Point
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Price: $3.85 +2.94%
Rating Summary:
9 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
9 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on OraSure Technologies (NASDAQ: OSUR) price target of $10.00.
Canaccord analyst, Jeffrey Frelick, said, "OraSure announced after the close its intention to acquire DNA Genotek for $53M in cash. We view the deal as very strategic and synergistic given OraSure’s oral fluid technology and reiterate our rating...OraSure gains entry into molecular diagnostics market. While some et. companies are investing large sums to participate in the MDx market, OSUR was able to secure a strategic entry point to the fastest growing segment in diagnostics."
For more ratings news on OraSure Technologies click here and for the rating history of OraSure Technologies click here.
Shares of OraSure Technologies closed at $9.25 yesterday.
Canaccord analyst, Jeffrey Frelick, said, "OraSure announced after the close its intention to acquire DNA Genotek for $53M in cash. We view the deal as very strategic and synergistic given OraSure’s oral fluid technology and reiterate our rating...OraSure gains entry into molecular diagnostics market. While some et. companies are investing large sums to participate in the MDx market, OSUR was able to secure a strategic entry point to the fastest growing segment in diagnostics."
For more ratings news on OraSure Technologies click here and for the rating history of OraSure Technologies click here.
Shares of OraSure Technologies closed at $9.25 yesterday.
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