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Fly News Breaks for August 23, 2016
DATA
Aug 23, 2016 | 08:19 EDT
Wedbush analyst Steve Koenig said he believe Tableau's motivation in appointing Adam Selipsky, who joins from Amazon's cloud unit, as its new CEO and president is to augment the company's leadership capabilities, specifically with respect to enterprise computing and the cloud, and he does not view the management shake-up as a signal that the board is on the verge of selling the company. Koenig, who thinks Selipsky can accelerate progress in addressing execution issues that have been impacting the company, keeps an Outperform rating and $70 price target on Tableau shares.
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