QuintilesIMS Reports Third-Quarter 2017 Results

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Quintiles (Q) PT Raised to $110 at Jefferies Following 3Q

October 30, 2017 8:37 AM EDT

Jefferies raised its price target on Quintiles (NYSE: Q) to $110.00 (from $107.00) while maintaining a Hold rating following the company's 3Q.

Management indicated M&A and share repurchases will remain primary uses of FCF. 2017TD, Q spent ~$500M on acquisitions and ~$2.2B on repurchases. Analyst... More