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Fly News Breaks for January 31, 2020
SMAR
Jan 31, 2020 | 05:07 EDT
BMO Capital analyst Keith Bachman initiated coverage of Smartsheet with an Outperform rating and $57 price target. The analyst likes the workflow market segment and believes Smartsheet has "compelling value" driven by both technology and brand. Collaborative application software will experience "healthy growth" as digital transformation initiatives proliferate across the enterprise, and Smartsheet has a "best-in-class platform," Bachman tells investors in a research note.
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