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St. Jude Medical (STJ) Stock Price Target Lowered at Canaccord

NEW YORK (TheStreet) -- St. Jude Medical's (STJ - Get Report) price target was decreased to $59 from $64 at Canaccord on Thursday.

The firm maintained its "sell" rating on the stock.

Canaccord is lowering its price target in light of the company's "underwhelming" earnings results for the 2015 third quarter, reduced fourth quarter and full-year guidance and "concerning" near-term competitiveness, according to the analyst note.

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