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Fly News Breaks for October 15, 2015
IMPR
Oct 15, 2015 | 05:47 EDT
Piper Jaffray analyst Sean Wieland says the 25% after-hours selloff in shares of Imprivata is an overreaction to the company's negative Q3 preannouncement. The analyst believes the numbers are "not as bad as it seems" and calls Imprivata's Q4 pipeline "strong." He recommends buying the stock below $15 and reiterates an Overweight rating on the name with a $23 price target. JPMorgan and William Blair downgraded Imprivata this morning.
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