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May 2, 2014
07:33 EDTSQINothing fundamentally wrong with SciQuest business, says JMP Securities
After SciQuest reported in-line EPS but lower than expected revenue and provided guidance that JMP Securities views as poor, the firm thinks the company was hurt by macro issues in Q1. The firm cut its price target on the name to $26 from $31 but keeps an Outperform rating.
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