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Fly News Breaks for November 23, 2016
QADA
Nov 23, 2016 | 07:17 EDT
Canaccord analyst Richard Davis noted QAD Inc. reported strong Q4 results, citing strong cloud, subscription growth, and strong professional services backlog. Davis said management commented there was an immediate demand improvement following the U.S. election and believes long-term investors will be rewarded. Davis reiterated his Buy rating and raised his price target to $30 from $28 on QAD Inc. shares.
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