HSBC analyst Raj Sinha downgraded Integrated Diagnostics to Hold from Buy with a price target of 52c, down from 63c. The firm says kit prices have increased 50% year-over-year and that it does not see this passed on entirely thus far to customers. As such, the company’s margins will likely remain under pressure, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>