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Fly News Breaks for June 15, 2018
ALTR
Jun 15, 2018 | 06:15 EDT
Berenberg analyst Gal Munda raised his price target for Altair Engineering to $43 and keeps a Buy rating on the shares. Following the recent capital raise, the company has the ability to make further acquisitions which would serve to further accelerate top-line growth, Munda tells investors in a research note. He notes that Altair is currently generating "industry-leading" revenue growth at around 12%-13% per year.