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Fly News Breaks for April 11, 2016
MMS
Apr 11, 2016 | 08:02 EDT
Wells Fargo blames the 9% decline in Maximus' stock since Wednesday on a report by another firm stating that the company could lose a major contract in the U.K. However, after investigating the matter and speaking with the company, Wells Fargo believes that the company is only at risk of losing a relatively small contract. Wells continues to be upbeat on the company and keeps an Outperform rating on the shares.
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