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Oncolytics Biotech has been upgraded to a Zacks Rank #2 (Buy) due to an upward trend in earnings estimates. The change in a company's future earnings potential has been strongly correlated with near-term stock price movements. Institutional investors use earnings and estimates to calculate a stock's fair value, and their bulk investment actions lead to price movement. The Zacks Rank stock-rating system effectively harnesses the power of earnings estimate revisions, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.

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