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Fly News Breaks for May 20, 2015
CSOD
May 20, 2015 | 07:21 EDT
As previously reported, Needham assumed coverage on Cornerstone OnDemand with a Strong Buy rating from Buy rating and raised its price target to $40 from $34. The firm believes Cornerstone is well positioned in the Human Capital Management software space to benefit from increasing spending levels for its core Talent Management applications. The firm also cites weakening competition, shifting customer purchasing preferences and the company's strong product vision.
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