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Fly News Breaks for October 22, 2019
SWI
Oct 22, 2019 | 07:20 EDT
Evercore ISI analyst Kirk Materne downgraded SolarWinds to In Line from Outperform with a $22 price target, stating that he sees more limited upside from current levels and sees more attractive risk/reward options elsewhere in software after the stock's 33% rise this year. However, he said the rating change reflects no change in his view of Solarwinds' fundamentals as he remains upbeat about Solarwinds growing cloud portfolio over the longer-term.
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