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Fly News Breaks for January 18, 2019
IQV
Jan 18, 2019 | 07:46 EDT
Jefferies analyst David Windley upgraded Iqvia to Buy from Hold and raised his price target for the shares to $150 from $136. The analyst says the results from his firm's annual contract research organization survey show accelerating research and development spending, continued rise in outsourcing, and a "notable rise" in preference for global CROs over niche, private players. These results bode positively for growth in 2019 and beyond, Windley tells investors in a research note. He cites improving positive CRO feedback both in the survey and channel checks for his upgrade of Iqvia. The company has done a commendable job of upping the sales and operational intensity of its business as well as developing and launching integrated application platforms, says Windley.
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