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Fly News Breaks for November 5, 2018
PRAH
Nov 5, 2018 | 08:22 EDT
SunTrust analyst Sandy Draper raised his price target on PRA Health to $120 after its "solid" Q3 results, saying the top-line miss was driven by the slower backlog burn from its business mix. The analyst expects the backlog burn to trough and gradually improve in 2019, adding that that the company's 1.28-times book-to-bill ratio highlights its prospects. Draper keeps his Buy rating on PRA Health.
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