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Fly News Breaks for May 27, 2015
WDAY
May 27, 2015 | 05:29 EDT
In a note titled "A Bubble Burst," Brean Capital analyst Sarah Hindlian wrote that she expects to see a "significant correction" in shares of Workday after the company reported Q1 results with less upside than investors have come to expect. Hindlian believes investors will also be disappointed that Workday did not update the total customer count it provided at its Analyst Day on April 15 of "greater than 925.” She reiterates a Hold rating on the stock. Jefferies this morning lowered its price target for shares of Workday to $92 from $99.
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