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Fly News Breaks for September 17, 2019
NEWR
Sep 17, 2019 | 08:13 EDT
Baird analyst Rob Oliver designated New Relic as a Fresh Pick as he likes the risk/reward at current levels. The analyst believes this is a multi-quarter turnaround but he said investors appear to be receptive to the company's reduced outlook. He expects the narrative to shift going forward including product updates and sales progress. Oliver reiterated his Outperform rating and $77 price target on New Relic shares.
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