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Fly News Breaks for June 19, 2018
GLOB
Jun 19, 2018 | 07:13 EDT
Wedbush analyst Moshe Katri raised his price target for Globant to $65 from $55 as he believes the company is well positioned to benefit from a multi-year spending cycle on digital/SMAC-related solutions, expanding project/deal sizes, expanding wallet share from strategic clients, as well as from diminishing margin-related headwinds. Katri reiterates an Outperform rating on the shares.
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