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Fly News Breaks for May 15, 2017
ELLI
May 15, 2017 | 07:00 EDT
BofA/Merrill analyst Brad Sills initiated Ellie Mae with a Buy and a $130 price target saying it will likely continue to consolidate the fragmented mortgage origination system market and could capture 50%-75% long-term given the lack of competition, breadth and compelling competitive advantages of its systems offering, and a leading installed base.
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