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Thursday, August 2, 2018

Teladoc price target raised to $77 from $55 at Piper Jaffray


Piper Jaffray analyst Sean Wieland raised his price target for Teladoc to $77 after the company Q2 beat numbers and increased guidance. The analyst highlights Teladoc’s 39% organic growth driven by “continued strong” utilization and “solid M&A execution” that has accelerated BestDoctors. He keeps an Overweight rating on the shares.

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