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Fly News Breaks for December 13, 2016
MODN
Dec 13, 2016 | 08:28 EDT
Craig-Hallum analyst Chad Bennett downgraded Model N to Hold saying the "risks outweigh the benefits" following the company's acquisition of primary competitor Revitas. Model N is setting back its transition to a recurring/SaaS model by acquiring a business in the early stages of transition, Bennett tells investors in a research note. He cut his price target for the shares to $10 from $14.
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