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Fly News Breaks for May 2, 2018
ULTI
May 2, 2018 | 07:26 EDT
SunTrust analyst Terry Tillman raised his price target on Ultimate Software to $280 from $250 and kept his Buy rating after the company's Q1 results, saying the upside in recurring revenues produced better than expected margins and cash flows. The analyst notes that the management's commentary about the pipeline was also positive, supporting his view that the company's guidance for FY18 is on the conservative side.
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