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Fly News Breaks for July 29, 2016
ELLI
Jul 29, 2016 | 08:25 EDT
Oppenheimer analyst Brian Schwartz raised his price target for Ellie Mae to $110 from $100 after the company reported "strong" Q2 results and raised guidance, as "good" fundamentals and execution strengthened its market leadership. The analyst views Ellie Mae as a long-term winner in the SaaS and regulatory waves permeating its end-market. He reiterates the stock as Top 2016 Small-Cap pick. Oppenheimer has an Outperform rating on the shares.
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