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Fly News Breaks for September 30, 2015
MDAS
Sep 30, 2015 | 10:54 EDT
Piper Jaffray analyst Sean Wieland views the 180 person layoff at MedAssets as "not a good sign" for the company's growth prospects. The layoffs are likely to result in a year-over-year decline in 2016 revenue, Wieland tells investors in a research note. He reiterates an Underweight rating on the stock with a $15 price target.
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