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Fly News Breaks for July 21, 2016
MDSO
Jul 21, 2016 | 06:57 EDT
Wells Fargo analyst Jamie Stockton downgraded Medidata Solutions to Market Perform saying the company's organic growth in 2018 could see a "material deceleration." As investors come to terms with growth slowing closer to 15% in 2018, the valuation "will prove difficult to roll forward," Stockton tells investors in a research note. The analyst raised his price target range for the shares to $52-$55 from $47-$51.
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