Home Gastrointestinal Piper Sandler Initiates Coverage of Progenity With Overweight Rating

Piper Sandler Initiates Coverage of Progenity With Overweight Rating

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NEW YORK – Investment bank Piper Sandler announced Tuesday it is initiating coverage of newly public women’s health diagnostic firm Progenity.

Analyst Steven Mah rated Progenity an Overweight with a $17 price target in an analyst note sent to investors. In a research note, he said the company’s preeclampsia test will “differentiate Progenity by allowing coverage of the full spectrum of reproductive testing,” and noted that Progenity has a top-3 position in testing volume for NIPT and carrier screening.

https://www.360dx.com/business-news/piper-sandler-initiates-coverage-progenity-overweight-rating

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