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Fly News Breaks for April 12, 2017
ULTI
Apr 12, 2017 | 20:53 EDT
Guggenheim analyst Nate Cunningham initiated Ultimate Software with a Buy rating and a $230 price target, calling the stock its best idea. Cunningham said Ultimat has quietly built a world premier software franchise, generating best-in-class operatoing profits while growing revenue +20% annually. The analyst views relative underperformance due to concerns that are transitory or less relevant than investors believes, creating attractive risk/reward.
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