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Fly News Breaks for June 18, 2018
COUP
Jun 18, 2018 | 06:28 EDT
BTIG analyst Joel Fishbein downgraded Coupa Software to Neutral from Buy, saying the company's rise in valuation to 13.5-times enterprise value to expected FY19 revenues has separated it from its peers. The analyst remains positive on the company's long term opportunity, particularly in Asia, and expects the investment story to become more centered around its international expansion potential. However, at its current levels, Fishbein sees the risk-reward on Coupa Software as balanced.
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