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Fly News Breaks for April 25, 2019
SWI
Apr 25, 2019 | 05:17 EDT
Jefferies analyst John DiFucci raised his price target for SolarWinds to $23 from $21 following the company's "largely in line" Q1 results. Guidance was "slightly better," excluding acquisition effects, and implies modest acceleration throughout the year, DiFucci tells investors in a research note titled "1Q19: Down the Middle." He continues to believe there is more value here than the current stock price implies and keeps a Buy rating on SolarWinds.
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