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Cytek Biosciences downgraded to Hold from Buy at TD Cowen

TD Cowen downgraded Cytek Biosciences (CTKB) to Hold from Buy with a price target of $4, down from $7. The company’s Q1 missed as multiple headwinds persist and the fiscal 2025 guidance was lowered, the analyst tells investors in a research note. The firm says that while Cytek remains a dominant flow cytometry player, it would stay on the sidelines pending better clarity on a path back to sustained growth.

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