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Fly News Breaks for October 27, 2017
Q
Oct 27, 2017 | 07:47 EDT
As previously reported, Stifel analyst Shlomo Rosenbaum upgraded QuintilesIMS to Buy from Hold, stating that he views the $900M NextGen contract win as validating the strategic rationale of its prior merger. He also notes that CRO contract signings are accelerating and the company is deploying much more capital towards share repurchases than he was expecting, and he sees that continuing. Rosenbaum raised his price target on QuintilesIMS to $128 from $92.
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