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Fly News Breaks for January 20, 2020
Jan 20, 2020 | 21:43 EDT
Stifel analyst Shlomo Rosenbaum upgraded Clarivate Analytics to Buy from Hold with a price target of $22, up from $19. The analyst likes the strategic nature of the Decision Resources Group acquisition. The financial attributes of the deal make the stock more attractive, Rosenbaum tells investors in a research note. The analyst now believes a Buy rating can be justified on 2021 estimates with a fair value estimate of $22-$23 per share. Looking to 2022 estimates, he sees fair value of $25-$26 per share.
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