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Fly News Breaks for March 29, 2016
Q
Mar 29, 2016 | 08:17 EDT
Noting that Quintiles' stock has declined 8% over the past quarter, Argus says that the company's rising backlog will cause its revenue growth to accelerate this year. The firm raised its 2016 EPS estimate for the company to $3.76 from $3.71 but lowered its price target on the name to $75 from $90. It keeps a Buy rating on the shares.
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