UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on Quintiles Transnational Holdings on Mixed Factors


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


In a report published Friday, Deutsche Bank analyst Greg Poole reiterated a Hold rating on

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Quintiles Transnational Holdings (NYSE: Q), and raised the price target from $54.00 to $57.00.In the report, Deutsche Bank noted, “Quintiles reported Q2 results that beat expectations, but non-op items and bookings weighed on shares. EPS of $0.65 beat our estimate and consensus of $0.62 and $0.61, respectively. Relative to our forecast, 1.5c was from better than expected operating margins and 1.5c from investment gains, with FX a tailwind to ops. Total book to bill was 1.19x, benefiting from strength in IHS at 1.42x but offset by PDEV at 1.11x. PDEV was impacted by higher than normal cancellations, with new business down slightly y/y. Management raised 2014 EPS guidance to $2.57 - $2.67, an increase of 11c at the midpoint. We maintain our Hold rating on Q shares on valuation.”Quintiles Transnational Holdings closed on Thursday at $54.93.
Posted In: Analyst ColorPrice TargetAnalyst RatingsDeutsche BankGreg Poole