Evercore ISI analyst Vijay Kumar raised the firm’s price target on Exact Sciences (EXAS) to $68 from $64 and keeps an Outperform rating on the shares, which were added to the firm’s “Tactical Outperform” list. Gross margins to be flat sequentially implies volumes could beat, says the analyst, who likes the set-up into Q3 with the CRC blood test “derisked.”
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