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Affymax, Inc. (NASDAQ:AFFY): Current price $16.55
Baird said that the reaction to shares of Affymax, Inc. was misplaced in respect to the Fresenius (NYSE:FMS) pilot program. The firm saw that communication as standard operating procedure and believes that it is actually a strong positive signal suggesting that the chances of an expanded contract are now materially higher. Shares are Outperform rated with a $30 price target.
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