UPDATE: Deutsche Bank Initiates Coverage on Gen-Probe at Buy
According to Deutsche Bank, Gen-Probe (NASDAQ: GPRO) coverage is initiated at Buy.
Deutsche Bank said that GPRO is a leading player in the $4.5+ Bn MDx market, with a premier women's health and blood screening franchise. “Given our expectations for new product momentum to drive low double digit rev growth in the MT, we rate GPRO shares a Buy with a $70.50 PT.”
Gen-Probe closed yesterday at $56.30.
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