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Fly News Breaks for May 4, 2016
IMS, Q
May 4, 2016 | 07:27 EDT
Jefferies analyst David Windley removed Quintiles (Q) from his firm's Franchise Picks list and lowered his price target for the shares to $80 from $85. The analyst views the merger with IMS Health (IMS) as surprising and thinks it will take two years to prove its success. He keeps a Buy rating on Quintiles.
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