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Fly News Breaks for August 23, 2019
VCRA
Aug 23, 2019 | 09:07 EDT
Jefferies analyst David Windley assumed coverage of Vocera with a Buy rating and $30 price target, down from the firm's prior $40 target. Despite his broader industry view that spending for hospital IT is challenged after years of aggressive implementations, he sees Vocera as well-positioned to capitalize on "Internet of Things" workflow improvements that are gaining momentum in hospitals. He estimates Vocera can return to revenue growth of about 13% in Q4 and 12-14% revenue growth through FY22, Windley stated.
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