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Fly News Breaks for March 22, 2017
ELLI
Mar 22, 2017 | 07:41 EDT
Oppenheimer analyst Brian Schwartz raised his price target for Ellie Mae to $125 from $120 saying his annual customer survey reveals optimism and raises comfort in business trends. The analyst sees the Ellie Mae story heading to the top position in software in 2018, and the stock increasingly becoming a "must-own" for larger cap investors. He reiterates an Outperform rating on the shares.
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