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Fly News Breaks for August 31, 2017
WDAY
Aug 31, 2017 | 07:45 EDT
Canaccord analyst Richard Davis raised his price target on Workday to $125 from $115 following solid Q2 results. The analyst said the report confirmed his checks the company was executing well and he believes there is upside to consensus revenue growth of 25% for 2018. He believes shares will move higher ahead of its October analyst day and into year-end and thus would be an aggressive buyer on any dips. Davis reiterated his Buy rating on Workday shares.
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