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Fly News Breaks for January 8, 2018
ULTI
Jan 8, 2018 | 09:35 EDT
As reported earlier, Mizuho analyst Abhey Lamba upgraded Ultimate Software to $Buy from Neutral and raised his price target to $250. Lamba says there is potential upside to estimates given that implementation times, which had been prolonged in the second half of last year, appear to be stabilizing. The analyst cites his checks in stating that software "go-live" delays are under control, adding that the "current valuation is largely in-line with the trend-line implied by software peers."
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