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Fly News Breaks for March 28, 2016
QLIK
Mar 28, 2016 | 08:22 EDT
Baird raised its price target on Qlik Technologies to $35 from $30 following Reuters' report that the company hired financial advisors to help it explore strategic alternatives. The firm believes the company possesses differentiated and attractive technology, that its bloated expense ratios have become a synergistic positive in M&A negotiations, and competitive concerns around Power BI are overblown. Baird reiterated its Outperform rating on Qlik Technologies shares.
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