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Fly News Breaks for May 9, 2019
SAIL
May 9, 2019 | 08:54 EDT
KeyBanc analyst Rob Owens lowered his price target for SailPoint to $28 from $35 in recognition of the softer pipeline and execution risk that accompanies its remediation. Along with uncharacteristically in-line results, Q1 "disappointed" as execution challenges precipitated meaningfully downward guidance revisions, he contends. The analyst reiterates an Overweight rating on the shares.
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