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BRKR - Research From The 2019 ECCMID Conference Reveals A Grim Outlook For T2 Biosystems
Bruker Corporation
On 3/5/19 we published a bearish report on T2 Biosystems (TTOO) with a 12-month target of $1.50. However, that target now looks conservative. We now believe TTOO could tumble to around $0.50 within a year, similar to how Viveve Medical (VIVE) has tumbled lower than our $0.90 price target we set in June 2018. The two companies are similar in that they both have a poor adoption of their device, a high level of debt, and extremely high losses in relation to their market caps.