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Fly News Breaks for May 2, 2018
ULTI
May 2, 2018 | 08:05 EDT
Needham analyst Scott Berg raised his price target on Ultimate Software to $280, saying the company's Q1 outperformance on revenues was its best in three years. The analyst also expects the company's CFO transition to be seamless, while noting that its push into European markets can be a "significant catalyst" in achieving its $3B revenue target. Berg keeps his Buy rating on Ultimate Software.
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