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Fly News Breaks for November 12, 2019
WORK
Nov 12, 2019 | 09:29 EDT
MKM Partners analyst Rohit Kulkarni lowered his price target on Slack Technologies to $28, modeling an enterprise value to revenue multiple of 19-times vs. 25-times prior. The analyst is keeping his Buy rating however following the company's developer conference in October, saying his channel checks suggest that the growth-adjusted valuation presents an asymmetric risk-reward on Slack shares.
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