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Lifecore kept at strong buy from JMP
JMP Securities analyst Anthony Ostrea maintained Lifecore Biomedical, Inc. at a strong buy rating, with an increased price target of $20, from $18. The company reported in line first-quarter 2007 results with revenue up 12% year-over-year at $15.0 million and GAAP earnings per share of $0.08. While the company reported lower Hyaluronan sales, the primary growth driver (dental implants) remains healthy, according to the analyst. Shares of the Chaska, Minn.-based biotechnology company were down 56 cents, or 3.66%, at $14.73. (Nasdaq: LCBM)
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