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Fly News Breaks for February 11, 2016
CSOD
Feb 11, 2016 | 07:30 EDT
UBS said although Cornerstone On Demand missed Q2 earnings and revenue estimates they saw some good things during the quarter. The firm feels consistent execution will lead to a higher multiple and help the stock rebound from its year-to-date loss. UBS maintained its Buy rating but lowered its price target to $34 from $49 on Cornerstone On Demand shares to reflect multiple compression in the group.
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