Fly News Breaks for August 25, 2016
WDAY
Aug 25, 2016 | 07:22 EDT
Brean Capital said Workday reported high quality Q2 results, but believes risks remain for investors. The firm believes the Street is expecting billings growth of 18% for next year, putting estimates at risk. Although the firm likes the long-term fundamental growth prospects, they remain cautious near-term. Brean Capital reiterated its Sell rating and raised its price target to $62 from $55 on Workday shares.
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