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Fly News Breaks for June 13, 2018
MDSO
Jun 13, 2018 | 07:31 EDT
Deutsche Bank analyst Glean Santangelo raised his price target for Medidata Solutions to $90 following the company's acquisition of Shyft Analytics. The deal is "compelling" as it further strengthens Medidata's competitive position and increases the overall total addressable market by $1.5B-$2.0B, Santangelo tells investors in a research note. He appreciates, however, that the near-term financial impact "will raise some hesitation for investors." The analyst keeps a Buy rating on the shares.
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