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Fly News Breaks for April 22, 2019
MANH
Apr 22, 2019 | 10:42 EDT
As previously reported, SunTrust analyst Terry Tillman upgraded Manhattan Associates to Buy from Hold, telling investors in a note published prior to the open that he has become more positive on the company's innovation cycle and long-term dynamics for its cloud solutions. While he anticipates continued stabilizing and "at least in-line" trends through 2019, Tillman noted that his upgrade is not based on a call on Q1 results, which the company is scheduled to report after the close on Tuesday. In terms of specific product innovations that he is excited about, Tillman highlights innovation in the company's on-premise warehouse management system products and the portfolio of Active Omni cloud products. He increased his price target to $66 from $50 on Manhattan Associates shares, which are up 6.5% to $61.01 in early trading.
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