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Fly News Breaks for February 10, 2020
Feb 10, 2020 | 08:48 EDT
Argus analyst Joseph Bonner raised his price target on ServiceNow to $385 and kept his Buy rating after its "strong" Q4 earnings, saying the company is benefiting from the "secular trend away from the enterprise data center and toward enterprise digital transformation" with its "easily scalable and cost-effective" cloud solutions. The analyst is also positive on ServiceNow's new CEO McDermott, allaying investor concerns about the unexpected resignation of John Donahoe.
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