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Fly News Breaks for June 12, 2019
MDSO, DASTY
Jun 12, 2019 | 12:27 EDT
Piper Jaffray analyst Sean Wieland downgraded Medidata Solutions (MDSO) to Neutral from Overweight and lowered his price target for the shares to $92.25 from $96 after the company reached an agreement to be acquired by Dassault Systemes (DASTY). The likelihood for higher bidders is low and the likelihood of deal completion is high, Wieland tells investors in a research note.
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