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Fly News Breaks for April 8, 2015
WBMD
Apr 8, 2015 | 06:12 EDT
Goldman downgraded WebMD to Sell with a $40 price target. The firm's checks continue to show reluctance by pharma advertisers to advertise in direct to consumer mobile channels due to medical, regulatory, and legal issues. Given WebMD's mix shift towards mobile, Goldman sees headwinds to revenue growth.
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