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Fly News Breaks for October 8, 2015
GWRE
Oct 8, 2015 | 07:30 EDT
Stephens analyst Alex Zukin believes the biggest headline from Guidewire's analyst day meeting was the company raising its non-GAAP operating margin target by 1,000 basis points to about 29% from about 19%. Zukin views the significant increase as evidence that there's "meaningful upside" from the 29% target if the company continues it move toward becoming the standard in the P&C industry. The analyst reiterates his Overweight rating and $65 price target on Guidewire shares.
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