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Stock Market & Financial Investment News

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May 5, 2014
07:57 EDTCVDCovance weakness overdone, says Wells Fargo
After Covance reported stronger than expected Q1 results on Friday but its stock declined, Wells Fargo thinks the move was likely caused by the simultaneous deceleration of clinical growth and weaker ED margins. However, the firm thinks the company can meet analysts' 2015 estimates and it keeps an Outperform rating on the stock.
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