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Fly News Breaks for August 12, 2019
MANH
Aug 12, 2019 | 08:14 EDT
SunTrust analyst Terry Tillman raised his price target on Manhattan Associates to $92 and kept his Buy rating, saying he is turning more confident in the ability of the company's technology cycle to drive improved revenue growth and return to operating leverage. The analyst further notes that his recent discussions with Manhattan Associates' management have given him greater appreciation for the potential of the company's total addressable market expansion with its Manhattan Active Omni platform. Tillman adds that he is "comfortable" with his above-consensus forecasts for Manhattan Associates' 2020 earnings and revenue.
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