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Fly News Breaks for August 6, 2019
TDOC
Aug 6, 2019 | 07:16 EDT
SunTrust analyst Sandy Draper raised his price target on Teladoc to $80 and kept his Buy rating, saying he sees over 20% organic revenue growth in 2020. The analyst cites the management's positive comments about expanded relationship with United Health and negotiations with Medicare Advantage for more telemedicine services next year, with 75% increase in "all-in RFPs" being driven by the company's expanded platform offerings.