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Fly News Breaks for January 18, 2018
APPN
Jan 18, 2018 | 04:52 EDT
Goldman Sachs analyst Jesse Hulsing downgraded Appian to Sell with an unchanged price target of $20. The stock since December 17 has rallied 80% on no company specific news or major change in the macro environment, Hulsing tells investors in a research note. The analyst believes the rally is not justified based on company fundamentals.
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