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Fly News Breaks for September 26, 2018
MANH
Sep 26, 2018 | 07:03 EDT
As reported earlier, SunTrust analyst Terry Tillman downgraded Manhattan Associates to Hold from Buy and kept his $57 price target. The analyst notes that while there was no change in his view of the company's fundamentals, the risk reward on the stock is much more balanced after it "outperformed significantly" since the last earnings report. Tillman looks ahead to Manhattan Associates' outlook for 2019 to assess its financial model dynamics, which he sees as "too early to ascertain".
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