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Fly News Breaks for August 14, 2018
CSOD
Aug 14, 2018 | 16:35 EDT
MUFG analyst Stephen Bersey raised his price target on Cornerstone OnDemand to $48 after its better than expected Q2 revenue and in-line EPS, saying the company saw "another quarter of momentum as it continued to progress with its strategic plan". Bersey notes that Cornerstone OnDemand is showing a solid turnaround in sales and improvement in margins, but also warns that the improvements may be "one-time in nature", keeping his Neutral rating on the stock.
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