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Fly News Breaks for February 21, 2018
GLOB
Feb 21, 2018 | 08:46 EDT
SunTrust analyst Frank Atkins raised his price target on Globant to $52 after a Q4 earnings beat and raised FY18 outlook. The analyst notes that he is encouraged by the company's revenue trajectory, but the 33-times expected FY18 PE valuation premium is keeping him on the sidelines given the risk of margin pressure. Atkins keeps his Hold rating on Globant.
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