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Fly News Breaks for November 30, 2018
WDAY
Nov 30, 2018 | 08:43 EDT
RBC Capital analyst Ross MacMillan raised his price target on Workday to $170 and kept his Outperform rating, saying the company's "strong" Q3 results saw accelerating bookings in Human Capital Management and Financials segments. The analyst believes that Workday's FY20 initial guidance also looks "prudent", implying a 23% organic growth that he sees as "conservative" in the context of new business signings and pipeline commentary. MacMillan also raises his FY19 EPS view by 20c to $1.25 and revenue view to $2.81B from $2.77B.
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