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Fly News Breaks for August 10, 2018
ALTR
Aug 10, 2018 | 07:36 EDT
Canaccord analyst Richard Davis noted Altair's Q2 results were solid, showing diversified customer wins and generally healthy financial metrics. He said he is optimistic about the company's potential to grow revenue organically several times its current run-rate. He said the company needs to do better on margins and said he is not quite ready to upgrade the stock, but he is getting close. Davis maintained his Hold rating and raised his price target to $38 from $32 on Altair shares.