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Fly News Breaks for April 20, 2016
QLIK, DATA
Apr 20, 2016 | 07:24 EDT
Stifel believes that Tableau's (DATA) Q1 results are poised to beat expectations after estimates for the company were significantly lowered following its Q4 miss. The firm says that the company is facing a number of headwinds, but it thinks that the company remains "dominant" in the vizulation market. Additionally, Stifel says that Elliott Management's 5% stake in Qlik Technologies (QLIK) shows that there is stil value in business intelligence companies. The firm keeps a $100 price target and Buy rating on Tableau.
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