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Fly News Breaks for July 7, 2017
MDSO
Jul 7, 2017 | 05:47 EDT
Piper Jaffray analyst Sean Wieland raised his price target for Medidata Solutions to $87 after traveling with management and keeps an Overweight rating on the name. The company has diversified the number of ways it generates revenue and increased visibility on its $1B target for 2020, Wieland tells investors in a research note. The analyst says he learned that Medidata's cross-sell opportunity across its base is six times its Rave revenue.
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