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Fly News Breaks for March 5, 2020
Mar 5, 2020 | 07:54 EDT
Oppenheimer analyst Koji Ikeda lowered the firm's price target on Zendesk to $97 from $103 and keeps an Outperform rating on the shares. The analyst notes that the company hosted its virtual investor day, which was supposed to be held at its now canceled Relate conference due to coronavirus. On balance, canceling Relate will result in increased expenses for 2020, and management is taking a more balanced view to the growth trajectory this year, he points out.
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