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Fly News Breaks for January 7, 2020
VEEV
Jan 7, 2020 | 09:31 EDT
Deutsche Bank analyst Karl Keirstead lowered his price target for Veeva to $150 from $160 and affirms a Hold rating on the shares. The analyst is concerned about the growth rate of the company's Vault business, which he says underpins the overall 20%-plus growth outlook for Veeva as well as the current valuation multiples.
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