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Fly News Breaks for May 1, 2018
ULTI
May 1, 2018 | 20:24 EDT
MUFG analyst Stephen Bersey raised his price target on Ultimate Software to $264 after the company's Q1 earnings beat, saying the demand for its products was strong. Bersey adds that demand was "further complemented by solid attach rates for its add-on products", positioning the company attractively in the human capital management market. With two consecutive "solid quarters of performance", the analyst keeps his Overweight rating on Ultimate Software.
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