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Ladenburg ‘encouraged’ by Bionano Genomics progress, reiterates Buy rating

After Bionano Genomics announced preliminary Q4 results and updated on its "ELEVATE!" objectives, Ladenburg analyst Jeffrey Cohen said he was "encouraged" by the company’s progress through 2022 and sees additional growth drivers in 2023. The analyst, who thinks the company’s commitment to expanding clinical data will support reimbursement and commercial efforts, reiterates a Buy rating and $8 price target on Bionano shares.

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Published first on TheFly

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