Fly News Breaks for February 11, 2020
Feb 11, 2020 | 06:29 EDT
JMP Securities analyst Patrick Walravens raised his price target on BlackLine (BL) to $69 and kept his Outperform rating ahead of its earnings call, saying that some of his industry checks suggest that its demand is "really strong" and performing well in verticals outside of technology. The analyst also has a positive view on the company's market opportunity to "modernize how companies close their books", its leadership under COO Marc Huffman, and its partnership with SAP (SAP).
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