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Fly News Breaks for February 9, 2017
ABCO
Feb 9, 2017 | 07:35 EDT
Canaccord analyst Richard Close raised his price target on The Advisory Board to $56 from $36 reflecting the potential of an M&A transaction. The analyst feels the shares are fairly valued on a fundamental basis, but the company has announced it will explore strategic alternatives and an activist investors has emerged, enhancing the potential catalyst. Close maintained his Buy rating on The Advisory Board shares.
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