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Fly News Breaks for April 28, 2016
MANH
Apr 28, 2016 | 06:20 EDT
William Blair analyst Matthew Pfau downgraded Manhattan Associates to Market Perform from Outperform saying the departure of CFO Dennis Story "removes a valuable piece of the management team." The analyst wonders whether the new CFO will be able to continue to drive margin expansion while maintaining low-double-digit top-line growth. Pfau now views Manhattan Associates as fairly valued.
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