Fly News Breaks for June 13, 2019
Jun 13, 2019 | 08:53 EDT
SunTrust analyst Sandy Draper raised his price target on Medidata (MDSO) to $92.25 from $85 after the company confirmed its acquisition by Dassault Systemes (DASTY) at that price. The analyst believes that the price point will exclude any interested private equity firms with no other competing bids expected to materialize. Draper also does not anticipate any anti-trust challenges to the deal, keeping his Hold rating on the stock.
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