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Fly News Breaks for April 12, 2016
WDAY
Apr 12, 2016 | 13:31 EDT
Canaccord analyst Richard Davis continues to believe there is upside optionality to Workday's results as financials deals close. Checks with IT buyers suggest a pent-up frustration with their legacy vendors, which could result future purchase orders, once cleared. Davis also views the announcement that Robynne Sisco was promoted to the CFO position as a mild positive. The analyst rates Workday a Buy with a $75 price target.
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