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Fly News Breaks for January 4, 2019
MDSO
Jan 4, 2019 | 05:03 EDT
Piper Jaffray analyst Sean Wieland lowered his price target for Medidata Solutions to $83 while keeping an Overweight rating on the name. The analyst reduced his 2019 revenue estimates to factor in management's clarifying remarks about the impact of the Shyft acquisition. Wieland continues to like the company's growth prospects, but would "tread lightly" into its 2019 guidance to be issued on the Q4 earnings call.
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