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Fly News Breaks for April 29, 2016
ELLI
Apr 29, 2016 | 08:15 EDT
Oppenheimer analyst Brian Schwartz says Ellie Mae has a "solid" foundation to build "good" growth in 2016, following the company's first quarter results well above consensus estimates and after it raised annual revenue and EPS guidance. Ellie Mae continues to generate high growth and a profitable bottom line, the analyst tells investors in a research note. Schwartz reiterates an Outperform rating and raised his price target on the shares to $100 from $92.
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