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Fly News Breaks for September 8, 2016
GWRE
Sep 8, 2016 | 08:49 EDT
UBS analyst Brent Thill noted Guidewire investors may be concerned about its 2017 guidance, but he believes it is conservative from a historical perspective. The analyst feels any weakness in Guidewire shares would be a buying opportunity, citing its zero churn rate, stable P&C insurance end market, increasing customer referencing, and the long commitments that P&C insurers make to the company. Thill reiterated his Buy rating and $70 price target on Guidewire shares.
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