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Fly News Breaks for March 10, 2015
PFNX, XON
Mar 10, 2015 | 05:27 EDT
Mizuho analyst Peter Lawson downgraded Intrexon (XON) to Neutral from Buy citing valuation with the stock near his price target of $50. Lawson says he wants to see further clinical data from partnerships before upping his price target. He recommends swapping into another technology platform stock, Pfenex (PFNX). Shares of Intrexon closed Monday trading down $1.44 to $48.72.
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