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Fly News Breaks for October 27, 2015
MDSO
Oct 27, 2015 | 11:12 EDT
Piper Jaffray analyst Sean Wieland said Medidata had a "fairly in-line" quarter and he believes the company's innovation should continue to drive growth in FY16 and beyond. The analyst trimmed his price target on the stock to $61 from $63 to reflect lowered expectations for FY15 revenue growth due to pipeline delays, but keeps an Overweight rating on shares and recommends buying them amid today's weakness.
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