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Fly News Breaks for November 7, 2018
NEWR
Nov 7, 2018 | 05:23 EDT
First Analysis analyst David Vercoutere upgraded New Relic to Strong Buy and raised his price target for the shares to $116 from $114. The analyst believes the company posted "solid" Q3 results and sees a more attractive valuation at current share levels. New Relic's momentum "remains sound, driven by continued enterprise and cross-sales success," Vercoutere tells investors in a post-earnings research note.
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