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NEW YORK (GenomeWeb) – Wells Fargo's Equity Research Department today downgraded Foundation Medicine's stock to Market Perform from Outperform, following the company's first ever analyst day on Tuesday.

Wells Fargo also increased its 2016 estimated loss per share for Foundation Medicine to $1.36 from $1.29, and reduced its stock valuation range to $25 to $27 per share from a previous $35 to $40 per share.

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