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Dynatrace price target raised to $70 from $65 at Jefferies

Jefferies raised the firm’s price target on Dynatrace (DT) to $70 from $65 and keeps a Buy rating on the shares following what the firm calls “a solid beat across the board” in fiscal Q3. The firm thinks the stock can “grind higher as fundamentals look strong” and sales productivity ramps over the next couple of quarters, the analyst tells investors in a post-earnings note.

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