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Fly News Breaks for September 6, 2019
PD
Sep 6, 2019 | 09:18 EDT
Morgan Stanley analyst Sanjit Singh said he sees "a lot to like" in PagerDuty's Q2 report, including faster billings growth and an uptick in large customers, but noted that its FY20 guidance implies slower growth in the second half and "may be less than hoped for." Singh, who thinks guidance reflects prudent conservatism, but also reflects some caution on the pace of new product adoption, keeps an Equal Weight rating on PagerDuty shares and lowered his price target to $43 from $47.
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