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Fly News Breaks for August 31, 2016
VEEV
Aug 31, 2016 | 05:47 EDT
JPMorgan analyst Sterling Auty raised his price target for Veeva Systems to $45 saying the company's Q2 results beat on "all major metrics." Subscription revenue growth is driving gross margin expansion, Auty tells investors in a post-earnings research note. He believes the stock has "additional outperformance potential" and keeps an Overweight rating on the name.
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