Fly News Breaks for February 26, 2020
Feb 26, 2020 | 08:16 EDT
SunTrust analyst Sandy Draper raised his price target on Medpace to $100 after its Q4 earnings beat that reflected the quarter's strong net bookings momentum in spite of the higher cancellations. The analyst also notes that the below-consensus FY20 guidance appears to have some "conservatism", but he still keeps his Hold rating, citing his view of limited opportunity for earnings acceleration and further multiple expansion.
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