BMO Capital raised the firm’s price target on Workiva (WK) to $100 from $90 and keeps an Outperform rating on the shares. The firm is citing the news that Irenic Capital has taken a stake in the company with an intention to nominate two board members, and their presentation highlights the focus of their investment case being on governance, profitability, and achievement of “Rule of 40” by 2027, the analyst tells investors in a research note.
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