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Fly News Breaks for December 11, 2019
CCC
Dec 11, 2019 | 06:56 EDT
RBC Capital analyst Seth Weber initiated coverage of Clarivate Analytics with an Outperform rating and $21 price target. The analyst is positive on the company's "high-quality" info services assets under the leadershp of CEO Jerre Stead who joined the company this year. Weber notes that while the "journey" will take time, he anticipates Clarivate to deliver "initiatives, innovation, and best practices" that will yield accelerating revenue growth, expanding margins, and cash generation.
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