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Fly News Breaks for January 20, 2017
TEAM
Jan 20, 2017 | 07:26 EDT
Canaccord analyst Richard Davis remains bullish on Atlassian following its Q2 beat on earnings, revenues, margins and free cash flow. He noted the company lowered operating margins and earnings guidance for the remainder of 2017, citing the impact of its purchase of Trello. Davis still likes Atlassian and said he would get particularly interested on any share price weakness. Davis maintained his Buy rating and $35 price target on Atlassian shares.
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