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Fly News Breaks for January 12, 2017
ABCO
Jan 12, 2017 | 11:09 EDT
After Elliott Management disclosed its built an economic exposure of 8.3% in The Advisory Board and said it will seek talks, Raymond James analyst Nicholas Jansen said the involvement of the activist investor is "intriguing" and could potentially drive positive change. However, Jansen sees Advisory Board's end-market challenges being exacerbated by competitive issues and prefers more visibility on revenues "before getting incrementally more excited" and keeps a Market Perform rating on the stock, which is up about 13.5% in morning trading.
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