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Fly News Breaks for August 31, 2015
GWRE
Aug 31, 2015 | 07:43 EDT
Stephens said its conversations with channel checks suggest Guidewire's strategic initiatives are continuing to succeed and believes that it will likely announce the signing of three "major" tier 1 clients that it previously mentioned were in the pipeline along with its Q4 report. Stephens reiterates its Overweight rating and $65 price target on Guidewire ahead of its earnings report, due tomorrow, which the firm expects will "offer the thematic payoff that long-term holders have expected."
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