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Fly News Breaks for November 11, 2016
MODN
Nov 11, 2016 | 05:37 EDT
JPMorgan analyst Jackson Ader upgraded Model N to Overweight after assuming lead coverage of the name. The analyst believes the 20% selloff since Monday has created an "interesting risk-reward opportunity." Meeting the now lowered growth expectations over the next 12 months will produce outperformance, Ader tells investors in a research note. He lowered his price target for Model N shares to $12 from $14.
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