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Fly News Breaks for March 1, 2016
WDAY
Mar 1, 2016 | 09:14 EDT
After Workday reported better than expected results, JMP Securities says that some investors may be disappointed by the company's lack of Fortune 500 wins last quarter. However, the firm notes that the company added 45 new Financials customers last quarter , while several Fortune 500 companies are in the company's Financials pipeline. The firm thinks the stock has reached an attractive entry point after it fell 24% so far this year. It keeps a $92 price target and Outperform rating on the shares.
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