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Fly News Breaks for September 10, 2018
ELLI
Sep 10, 2018 | 07:37 EDT
Oppenheimer analyst Brian Schwartz sees an attractive stock set-up since Ellie Mae has recently become a "crowded short," and thinks odds look favorable for management to achieve and/or beat consensus estimates and raise the annual outlook in the Q3 results. Consistency in the reported results and/or a new CFO announcement could lower estimate risks and trigger a higher valuation, he adds. The analyst reiterates an Outperform rating and $125 price target on the shares.
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