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Fly News Breaks for May 16, 2019
GWRE
May 16, 2019 | 06:08 EDT
Piper Jaffray analyst Alex Zukin raised his price target for Guidewire Software to $100 from $90 ahead of the company's fiscal Q3 results on June 3. Channel checks have been "incrementally favorable" this quarter, with net new cloud deals closing and improved pipeline visibility, Zukin tells investors in a research note. The analyst continues to see Guidewire winning versus competitors but keeps a Neutral rating on the shares.
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