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Fly News Breaks for March 5, 2020
GWRE
Mar 5, 2020 | 07:29 EDT
Wells Fargo analyst Michael Turrin lowered the firm's price target on Guidewire to $85 from $100 and keeps an Underweight rating on the shares. The analyst notes that the company beat Q2 results but lowered the fiscal year 2020 outlook resulting from an increasing mix shift toward subscription revenue and slowdown in new license bookings activity.
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