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Fly News Breaks for March 24, 2016
ELLI
Mar 24, 2016 | 08:45 EDT
After meeting with Ellie Mae's CFO, JMP Securities says that the "tone of business" at the company "sounds exceptional." The firm thinks the company is benefiting from strong demand by mortgage originators. It raised its price target on the name to $93 from $83 and keeps an Outperform rating on the shares.
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