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Fly News Breaks for September 21, 2018
GWRE
Sep 21, 2018 | 07:13 EDT
KeyBanc analyst Monika Garg reiterated an Overweight rating on Guidewire and raised her price target to $108 from $100 following the company's analyst day. Garg came away with greater confidence in the company's long-term opportunities and cloud migration, she tells investors in a research note, adding that she continues to like Guidewire's market-leading position and cloud migration opportunities. She cites subscription growth and free cash flow expansion opportunities for the price target raise.
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