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Fly News Breaks for July 24, 2019
Jul 24, 2019 | 08:29 EDT
SunTrust analyst Terry Tillman raised his price target on Manhattan Associates to $85 and kept his Buy rating after its beat-and-raise Q2 results, with software revenue and cloud revenue being the "biggest standouts" in the quarter. The analyst further notes that the company's remaining performance obligations, or RPO - the "key measure" of new cloud business - also performed strongly on net new additions.
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