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Fly News Breaks for March 1, 2016
CRM, WDAY
Mar 1, 2016 | 08:33 EDT
Stephens analyst Alex Zukin noted that Workday's fourth quarter revenues and billings beat consensus and he believes the company's long-term fundamentals remain solid. Zukin also pointed out that Workday, like Salesforce (CRM) did last week, said that macro demand issues are not impacting their business and that secular technology shifts are still tailwinds. The analyst keeps an Overweight rating on Workday and raised his price target on the stock to $70 from $60.
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