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Fly News Breaks for May 15, 2018
ALTR
May 15, 2018 | 06:30 EDT
Berenberg analyst Gal Munda raised his price target for Altair Engineering to $36 from $35 after the company reported Q1 results ahead of estimates. The quarter was a mix of "extremely strong" organic growth aided by currency tailwinds, Munda tells investors in a post-earnings research note. He believes the company's updated guidance remains conservative and keeps a Buy rating on Altair.