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NEW YORK (GenomeWeb) – Investment bank Jefferies today initiated coverage of the stock of transplant diagnostics firm CareDx with a Buy rating and a price target of $35.

In a note to investors, Jefferies analyst Brandon Couillard said that the company is well positioned as a leader in the transplant diagnostics market — which he estimated at more than $2 billion — with two tests on the market that serve an unmet need for non-invasive detection of heart and kidney post-transplant rejection.

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