Guidewire price target raised to $200 from $185 at Wells Fargo

Wells Fargo raised the firm’s price target on Guidewire to $200 from $185 and keeps an Overweight rating on the shares. The firm believes Guidewire’s analyst day likely helps frame key drivers of recent improvement, progress towards targets and long-term margin potential of the business — all in front of re-engaged investor base. Wells adds that it expects shares take well-deserved breather post event.