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Fly News Breaks for December 13, 2018
NEWR
Dec 13, 2018 | 06:45 EDT
JPMorgan analyst Sterling Auty upgraded New Relic to Overweight with an unchanged price target of $105. Digital transformation is top priority across many industries, Auty tells investors in a research note. He believes these applications are becoming mission-critical, "playing into New Relic's strengths." The analyst made rating changes in Software Technology to incorporate a move toward companies that are demonstrating less cyclicality and capitalizing more on secular technology adoption.
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