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Fly News Breaks for August 1, 2019
BLKB
Aug 1, 2019 | 08:13 EDT
DA Davidson analyst Rishi Jaluria raised his price target on Blackbaud to $89 after its mixed Q2 results as organic growth decelerated and margins improved. The analyst notes that the company is experiencing a "solid" productivity ramp from new sales hires but keeps his Neutral rating, calling for organic growth to accelerate to double-digits before he can get more constructive.
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