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Fly News Breaks for July 24, 2018
MDSO
Jul 24, 2018 | 14:25 EDT
KeyBanc analyst Donald Hooker reiterated his Overweight rating on Medidata despite the company reporting weaker than expected Q2 subscription fee growth, which he attributes to contract timing in newer product categories. Hooker, who points to the Q2 backlog growth of about 18% as a better leading indicator of forward growth, keeps an $88 price target on Medidata shares.
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