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Fly News Breaks for February 17, 2017
CRM, WDAY
Feb 17, 2017 | 06:03 EDT
Piper Jaffray analyst Alex Zukin upgraded Workday (WDAY) to Overweight saying his channel checks indicate the company's fundamentals have improved materially since last quarter. A premium valuation is warranted, Zukin tells investors in a research note ahead of the company's Q4 results. He notes that his checks on Workday and Salesforce (CRM) "came back the strongest in recent memory." The analyst raised his price target for Workday to $100 from $78. He keeps an Overweight rating on Salesforce with a $100 price target.