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Fly News Breaks for April 11, 2016
ULTI
Apr 11, 2016 | 08:22 EDT
JMP Securities does not believe that the changes that Ultimate Software is making to its change in control agreements for its executives are aimed at increasing their incentive to sell the company. Instead, the company is looking to make any payments the executives receive as a result of a sale stretch out over a longer time period, according to the firm. JMP keeps a $193 price target and Outperform rating on Ultimate Software.
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