By: Benzinga
November 19, 2012 at 12:02 PM EST
UPDATE: Goldman Sachs Downgrades Cepheid to Neutral on Lack of Catalysts
Goldman Sachs reduced its rating on Cepheid (NASDAQ: CPHD ) from Buy to Neutral and reduced its price target from $42 to $32. Goldman Sachs commented, "We downgrade shares of CPHD to Neutral from Buy and lower our 6-month price target to $32 ($42 previously) as we believe CPHD
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