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Fly News Breaks for August 14, 2017
ULTI
Aug 14, 2017 | 07:42 EDT
Credit Suisse analyst Michael Nemeroff lowered his price target for Ultimate Software to $245 from $260 after the company reported its worst miss and guide down in almost 10 years, blaming the Q2 shortfall and the weak Q3/2017 guide on delayed implementations at larger new customers. Nonetheless, the analyst reiterates an Outperform rating on the shares and views any potential weakness as a "very good" buying opportunity for long-term investors.
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