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Fly News Breaks for December 6, 2019
CLDR
Dec 6, 2019 | 09:00 EDT
Wedbush analyst Daniel Ives raised his price target for Cloudera to $11 from $8.50, saying the company delivered much better than expected results which will be viewed as another much needed positive step in the right direction for the company after a challenging post-Hortonworks acquisition period. Ives maintains a Neutral rating, saying Cloudera's turnaround story will not happen overnight, but feels the company is starting to turn the corner. The analyst says he still wants to see more evidence in the field until he gets more bullish.
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