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Fly News Breaks for October 4, 2018
TEAM
Oct 4, 2018 | 07:46 EDT
As previously reported, Morgan Stanley analyst Keith Weiss downgraded Atlassian to Equal Weight from Overweight as he believes the roughly 100% year-to-date move in the stock leaves limited near-term upside. The stock's current valuation already reflects durable growth of over 30%and "substantial" margin improvement, said Weiss, who raised his price target on Atlassian shares to $94 from $75.
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