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Fly News Breaks for August 9, 2016
WBMD
Aug 9, 2016 | 08:20 EDT
Cowen lowered its price target on WebMD (WBMD) to $67 from $70 following its in-line quarter. The firm expects shares to be weak on concerns on web traffic and changes to Google's search (GOOG). Cowen believes the concerns are overblown as Medscape is insulated from the slowing traffic. Cowen reiterated its Outperform rating on WebMD shares.
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