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Leerink Partners Cuts Price Target on Veeva Systems (VEEV) Following a Strong 4Q Beat

March 2, 2016 8:00 AM EST

Leerink Partners maintained a Market Perform rating on Veeva Systems (NYSE: VEEV), and cut the price target to $27.00 (from $29.00), Veeva reported revenue of $114m in the quarter, beating consensus by ~$4m. F4Q diluted EPS of $0.15 was a beat of $0.04, or 37%. The beat was... More