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Fly News Breaks for May 8, 2018
ATHN
May 8, 2018 | 08:46 EDT
Jefferies analyst Sean Dodge believes athenahealth's response to Elliott Management's unsolicited takeover proposal is "tough to handicap" given that the company already rebuffed Elliott privately. However, with the stock closing Monday at $146.75, it does create an "interesting risk/reward scenario," Dodge tells investors in a research note. He keeps a Hold rating on athenahealth with a $130 price target.
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