Fly News Breaks for March 4, 2015
PFMT
Mar 4, 2015 | 09:13 EDT
After Performant Financial reported weaker than expected results, SunTrust cut its price target on the name to $6 from $10.75. The firm expects the company to win at least one CMS RAC, which would likely provide meaningful operating leverage and a financial boost not currently reflected by the shares, according to the firm. SunTrust recommends being patient with the stock and keeps a Buy rating on the shares.
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