Shares of Cancer Genetics CGIX are on the move Wednesday morning following some positive comments and a raised price target from Feltl & Co.'s Ben Haynor. The analyst now sees Cancer Genetics shares rising to $30.50 over the next year, up from $17.50 previously.
The Feltl analyst cited a recent meeting with the company's CEO Panna Sharma on a non-deal roadshow earlier this week. Haynor believes a number of factors validated Cancer Genetics' "platform and go-to-market strategy."
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- Expected added patents for the typing, profiling of blood cancers.
- The company remains on track to unveil the MCL array, FHACT during the last few months of 2013.
- A belief by management the company is "e in the top tier of firms oncology sales specialists would come to, a distinct change from earlier in the year."
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