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Fly News Breaks for March 26, 2018
ALTR
Mar 26, 2018 | 06:04 EDT
Berenberg analyst Gal Munda raised his price target for Altair Engineering to $35 from $33 citing accelerating top line growth. The analyst believes that while the company's newly introduced fiscal 2018 guidance "should raise some questions" about the operating leverage potential in the near-term, margin improvement will continue over the next few years. He keeps a Buy rating on Altair shares.
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