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Fly News Breaks for November 7, 2018
MODN
Nov 7, 2018 | 08:52 EDT
Craig-Hallum analyst Chad Bennett lowered his price target for Model N to $20 from $25 saying that while Q4 results beat expectations, FY19 guidance continues to be impacted by SaaS transition and ASC606. Nonetheless, the analyst continues to believe growth will accelerate in FY20. He reiterates a Buy rating on the shares.
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