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Dade rated at sector perform by RBC
RBC Capital Markets analyst William R. Quirk rated Dade Behring Holdings, Inc. at sector perform, above average risk. An improvement in foreign exchange should add about $7.6 million to Dade's second-quarter top line results. However, the bottom line net impact will be negligible to the company's second-quarter earnings per share. RBC's 12-month price target is now $42, up from $41. Shares of the Deerfield, Ill.-based diagnostic products company were up 8 cents, or 0.20%, at $41.07 on volume of 441,141 shares versus the three-month running average of 652,613 shares. (Nasdaq: DADE)
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