NeoGenomics Inc (NEO)

[apljack]

Two new pieces of news
1. As you are all probably now aware, NEO closed on a new credit facility, increasing revolving credit, retiring an old loan, establishing a new loan and retiring 8.6 million in preferred stock issued to GE as part of the purchase of Clarient. This reduces the official share count be the 8.6 million shares (GE still has another 6.6 million shares that could also be retired).

In what looks like a response to this move, Cantor Fitzgerald initiated coverage of NEO yesterday (12/26/16) with a "buy" rating and a price target of $11. This target is just about what one would expect to see to bring the market cap back to the value we had prior to the issue retirement.

https://www.marketbeat.com/stocks/NASDAQ/NEO/?RegistrationCode=SocialMedia-Twitter