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Bruker (BRKR) Stock Closed Down on Leerink Downgrade

NEW YORK (TheStreet) -- Bruker Corp. (BRKR - Get Report) stock closed down by 2.99% to $28.56 on Tuesday, after the company was downgraded to "market perform" from "outperform" at Leerink Partners.

The rating was changed due to Leerink's projections that margin expansion in 2017 could be difficult.

"Continued margin expansion beyond 2016 is dependent on operational excellence initiatives as opposed to headcount reductions and facility closures," Leerink said in a note. "We see opportunity here, but believe that investors should demand continued evidence of execution before rewarding BRKR with capabilities similar to those of...