DA Davidson lowered the firm’s price target on Manhattan Associates (MANH) to $200 from $240 and keeps a Buy rating on the shares. The company’s Q1 results saw a continuation of strong new customer bookings momentum and renewals, which drove better-than-expected performance, the analyst tells investors in a research note. Manhattan Associates’ updated guidance also appears conservative given durable new logo strength and stable win rates relative to competitors, the firm added.
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Read More on MANH:
- Manhattan Associates price target raised to $186 from $183 at Baird
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