Manhattan Associates price target raised to $200 from $170 at Loop Capital

Loop Capital raised the firm’s price target on Manhattan Associates (MANH) to $200 from $170 and keeps a Hold rating on the shares ahead of the Q2 earnings report. The firm sees $75M in net new Remaining Performance Obligations and a modest beat on both the top and bottom lines, the analyst tells investors in a research note. Loop estimates management increases full-year revenue guidance by $1M-$2M above the Q2 upside.