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Morgan Stanley Sticks to Their Hold Rating for NeoGenomics (NEO)

In a report released today, Tejas Savant from Morgan Stanley maintained a Hold rating on NeoGenomics (NEOResearch Report), with a price target of $17.00. The company’s shares opened today at $8.89.

According to TipRanks, Savant is an analyst with an average return of -14.9% and a 28.41% success rate. Savant covers the Healthcare sector, focusing on stocks such as Hologic, Illumina, and Thermo Fisher.

In addition to Morgan Stanley, NeoGenomics also received a Hold from Needham’s Michael Matson in a report issued yesterday. However, today, Goldman Sachs maintained a Buy rating on NeoGenomics (NASDAQ: NEO).

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NEO market cap is currently $1.12B and has a P/E ratio of -7.48.

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NeoGenomics, Inc. is a clinical laboratory, which specializes in cancer genetics diagnostic testing and pharma services. It operates through the following two segments: Clinical and Pharma Services. The Clinical Services segment offers clinical cancer testing services to community-based pathologists. The Pharma Services segments supports pharmaceutical firms in their drug development programs by supporting various clinical trials and research. The Clinical Services Segment provides various clinical testing services to community-based pathology practices, hospital pathology labs and academic centers with reimbursement from various payers including client direct billing, commercial insurance, Medicare and other government payers, and patients. The Pharma Services segment: provides comprehensive testing services in supports pharmaceutical clients’ oncology programs from discovery to commercialization. Its services include cytogenetics, fluorescence in-situ hybridization, flow cytometry, immunohistochemistry, anatomic pathology and molecular genetic testing. The company was founded by Michael T. Dent on October 29, 1998 and is headquartered in Fort Myers, FL.

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