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Fly News Breaks for November 27, 2019
BOX
Nov 27, 2019 | 07:03 EDT
Wells Fargo analyst Philip Winslow noted that Box reported Q3 revenue, margins, EPS, and billings that all beat consensus and raised its full-year guidance, adding that the company showed execution improvements in the quarter. Winslow, who maintains a positive view on Box's positioning and product portfolio, keeps an Outperform rating on the shares and raised his price target on the stock to $22 after revising his FY20 estimates on the heels of the Q3 report.
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