NEW YORK (GenomeWeb) – Investment bank First Analysis has initiated coverage of NeoGenomics with an Overweight rating and a price target of $11, citing in part the company's more robust scale and product portfolio after its acquisition of Clarient.

With the integration of Clarient "well underway, NeoGenomics is positioned to take cancer diagnostics market share as a result of its increased scale and now broader and more comprehensive suite of offerings," First Analysis analyst Joseph Munda wrote in a research note Monday.

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