Canaccord initiated coverage of GeneDx (WGS) with a Buy rating and $155 price target The company has undergone a “significant” financial turnaround, driven by its shift to high-value exome and genome testing, the analyst tells investors in a research note. The firm says GeneDx’s leading position in the “underpenetrated market” of newborn screening and its long-term opportunity in adult testing could support solid near- and long-term performance.
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