BlackLine resumed with an Equal Weight at Morgan Stanley
The Fly

BlackLine resumed with an Equal Weight at Morgan Stanley

Morgan Stanley analyst Chris Quintero resumed coverage of BlackLine with an Equal Weight rating and $60 price target. BlackLine’s conference “showed a clear focus on expanding the company’s sphere of influence to the Office of the CFO,” notes the firm, which believes the company’s multiple organizational changes that are currently ongoing are “necessary” and likely position BlackLine well for the demand recovery once the macro picture improves.

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