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Fly News Breaks for August 10, 2016
WBMD
Aug 10, 2016 | 07:51 EDT
After WebMD reported in-line results and its stock fell nearly 10%, SunTrust analyst Sandy Draper blames the decline on a year-over-year drop in the company's user base and its "comments about potential decline in private portal revenue" next year. However, the analyst notes that the company's biopharma revenue rose 17%, and he says that the stock's valuation is attractive. Draper trimmed his price target on the shares to $74 from $76 but keeps a Buy rating.
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