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Fly News Breaks for December 5, 2018
APPF
Dec 5, 2018 | 17:55 EDT
DA Davidson analyst Peter Heckmann initiated AppFolio with a Neutral rating and $66 price target. The analyst calls AppFolio a "high quality growth story that is well positioned to gain sahre in target verticals," but believes the current valuation for shares is full, and would look to pull-backs to get more constructive on the stock below $55.