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Fly News Breaks for February 14, 2020
IQV, VEEV
Feb 14, 2020 | 06:34 EDT
Piper Sandler analyst Brent Bracelin initiated coverage of Veeva Systems (VEEV) with an Overweight rating and $188 price target. The shares have fallen 13% below the highs on recent controversy that has surfaced against a long-time competitor Iqvia (IQV), which has created an attractive entry point, Bracelin tells investors in a research note. He believes Veeva is a "best-in-class" cloud software asset with a 25% growth and 35% margin model.