Fly News Breaks for September 20, 2019
Sep 20, 2019 | 08:39 EDT
JMP Securities analyst Patrick Walravens keeps his Outperform rating and $62 price target on Anaplan (PLAN), stating that his "due diligence" of a website job description suggests that the company may have recently closed a multi-million dollar contract with Amazon (AMZN). The analyst adds that Anaplan may have an opportunity to expand in that account to "multiple times the original size". Walravens is also positive on Anaplan's longer-term potential to generate business momentum with room for improving sales productivity and given the limited competition in its end markets.
News For PLAN;AMZN From the Last 2 Days
Feb 17, 2020 | 13:29 EST
Amazon Web Services, an Amazon company (AMZN), announced that 3M (MMM) is moving its enterprise IT infrastructure to AWS. As part of a company-wide enterprise IT transformation initiative, 3M is migrating its enterprise resource planning system, including accounting, supply chain management, manufacturing, product lifecycle management, and e-commerce, along with business-critical enterprise IT applications.