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Fly News Breaks for April 25, 2016
WDAY
Apr 25, 2016 | 08:41 EDT
Pacific Crest analyst Brendan Barnicle downgraded Workday to Sector Weight citing the stock's 57% rise since the February 9 low of $48.90. The shares have resumed its position as one of the most expensive names in Software-as-a-Service, Barnicle tells investors in a research note. Further, the company's billings could still face a headwind from changes in billing terms, the analyst contends.
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