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Fly News Breaks for June 15, 2018
CLDR
Jun 15, 2018 | 06:27 EDT
Nomura Instinet analyst Christopher Eberle last night initiated coverage of Cloudera with a Reduce rating and $12 price target. The company has "embarked on a strategy that enterprises are beginning to shy away from," Eberle tells investors in a research note. He believes enterprises are now opting for less adoption of proprietary software in order to avert vendor lock-in.
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