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Fly News Breaks for August 25, 2016
WDAY
Aug 25, 2016 | 08:57 EDT
Baird analyst Steven Ashley raised his price target on Workday to $95 from $85 following Q2 results. The analyst cited stronger than expected billings growth, which should allay investors concerns about slowing growth. Ashley also noted win rates remains strong, bookings are growing faster than billings, and the number of HCM and FM cloud transactions are benefiting the company. Ashley reiterated his Outperform rating on Workday shares.
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