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Fly News Breaks for December 13, 2016
CSOD
Dec 13, 2016 | 09:28 EDT
After Bloomberg reported that Cornerstone OnDemand had been approached by multiple buyers, DA Davidson analyst Jack Andrews believes that large legacy technology companies looking to build or expand their SaaS offerings could find the company attractive, while other HR technology companies could also be interested. Finally, private equity firms could also be attracted to the company according to Andrews, who thinks that the company's margins and execution could be improved. He reiterates a $50 price target and a Buy rating on the shares.
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