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0.000177179305457087 0.000177179305457087 0.00212615166548543 0.00212615166548543 0.00177179305457125 0.00673281360737058 0.00265768958185681 -0.00460666194188528
Stock impact report

Why QuidelOrtho (QDEL) Stock Is Down Today [Yahoo! Finance]

Quidel Corporation (QDEL) 
Last quidel corporation earnings: 2/12 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.quidel.com
Company Research Source: Yahoo! Finance
Citigroup analyst Patrick Donnelly downgraded the stock to 'Neutral' from 'Buy' and lowered the price target. The firm cut its price projection for QuidelOrtho to $33 from $40, a reduction of 17.5%. This adjustment by Citigroup reflected a change in the firm's outlook on the company's stock performance. The downgrade and price target cut highlighted concerns about QuidelOrtho's near-term growth prospects. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy QuidelOrtho? Access our full analysis report here What Is The Market Telling Us QuidelOrtho's shares are extremely volatile and have had 33 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 5 days ago when the stock gained 2.6% after news of a new Show less Read more
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