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Fly News Breaks for June 1, 2016
WDAY
Jun 1, 2016 | 06:59 EDT
Piper Jaffray analyst Alex Zukin lowered his price target for Workday to $74 following the company's Q1 results. While the company posted an across the board beat in Q1, the combination of "relatively weak" new business and a premium valuation will likely pressure the shares, Zukin tells investors in a post-earnings research note. He keeps a Neutral rating on the name.
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