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Fly News Breaks for March 22, 2018
ALTR
Mar 22, 2018 | 05:00 EDT
JPMorgan analyst Sterling Auty raised his price target for Altair to $34 saying the company posted "impressive" 20% billings growth in Q4. Altair's software product revenue growth acceleration is materializing at a faster rate than originally forecast, Auty tells investors in a post-earnings research note. He points out, however, that the company's 2018 adjusted EBITDA margin guidance disappointed on higher investments. The analyst keeps a Neutral rating on the shares.
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