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Caris Life Sciences initiated with a Buy at Guggenheim

Guggenheim initiated coverage of Caris Life Sciences (CAI) with a Buy rating and $32 price target The firm says Caris is a precision diagnostics company offering clinical testing services in therapy selection indications and biopharma services through its assay menu and database. The company’s therapy selection platform and large database will continue to be “important differentiations from competitors and to drive long-term growth,” the analyst tells investors in a research note.

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