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Fly News Breaks for January 22, 2018
CSOD
Jan 22, 2018 | 06:24 EDT
BofA/Merrill analyst Brad Sills upgraded Cornerstone OnDemand to Buy from Neutral and raised its price target to $48 from $42. Sills believes the recent changes in sales leadership and ownership will likely lead to improved execution and the new focus on reducing professional services mix and improving efficiency will lead to increased revenue growth and free cash flow, which is not reflected in valuation.
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