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Fly News Breaks for September 16, 2015
WBMD
Sep 16, 2015 | 07:14 EDT
Cowen assumed coverage on WebMD with an Outperform rating from a Market Perform rating and raised its price target to $53 from $43. Analyst Charles Rhyee believes WebMD is transforming into a broader healthcare service platform, that is not fully appreciated by investors. Rhyee said the shifting healthcare landscape puts increased risk in the hands of providers and patients and creates an opportunity for WebMD to capitalize on its established position with physicians through Medscape and consumers through WebMD.com. The analyst believes WebMD has an opportunity to grow combined new revenue streams from digital health services upwards of $100B.
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