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Fly News Breaks for April 8, 2015
WBMD
Apr 8, 2015 | 13:08 EDT
Goldman reversed this morning's downgrade of WebMD from Sell back to Neutral. Goldman's analyst said it erroneously included convertible notes in both its diluted share count and net debt calculation, which resulted in a an incorrect enterprise value calculation. The firm upgraded its rating back to Neutral and increased its price target to $57 from $40.
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