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Stock Market & Financial Investment News

News Breaks
May 31, 2013
09:13 EDTMDASMedAssets initiated with a Neutral at B. Riley
Target $20.
News For MDAS From The Last 14 Days
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August 3, 2015
19:01 EDTMDASOn The Fly: After Hours Movers
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17:40 EDTMDASStarboard reports 8.7% stake in MedAssets, outlines plan to boost stock price
On August 3, Starboard Value delivered a letter to MedAssets' chairman and CEO, R. Halsey Wise, and the company's board. In the letter, Starboard expressed its belief, among other things, that MedAssets is deeply undervalued relative to the quality of its assets and the earnings power of its core business. Starboard also outlined in the letter a plan to create significant shareholder value by reducing MedAssets' operating expenses, improving capital allocation, improving corporate governance and exploring all available strategic alternatives. In the letter, Starboard stated that it would like MedAssets' management and board to consider the views of its shareholders in connection with company's ongoing strategic review process. Starboard also expressed its belief in the letter that if MedAssets were to pursue Starboard’s plan of action, the stock price of the company could be $37-$46 by the end of 2016.
July 31, 2015
10:02 EDTMDASOn The Fly: Analyst Downgrade Summary
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06:18 EDTMDASMedAssets downgraded to Sector Weight from Overweight at KeyBanc
Keybanc downgraded MedAssets to Sector Weight based on healthy valuation and concerns that EBITDA growth may be limited due to negative mix shift in 2016.
July 29, 2015
16:29 EDTMDASMedAssets sees FY15 EPS $1.20-$1.26, consensus $1.19
Sees FY15 revenue $756M-$768M, consensus $759.58M. The company raised the midpoints of its full-year 2015 consolidated financial guidance, realigned the segment revenue mix based on year-to-date results, and narrowed the guidance ranges.
16:27 EDTMDASMedAssets reports Q2 EPS 31c, consensus 27c
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July 21, 2015
10:01 EDTMDASOn The Fly: Analyst Downgrade Summary
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06:04 EDTMDASMedAssets downgraded to Market Perform from Outperform at Cowen
Cowen downgraded MedAssets to Market Perform and lowered its price target to $22 from $25. The firm believes shares reflect optimism around a transformative corporate event such as a split between the SCM and RCM segments, that is less likely to happen.

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