Manhattan Associates elevated to ‘Best-of-Breed Bison’ at DA Davidson

DA Davidson analyst Gil Luria elevated Manhattan Associates to the firm’s ‘Best-of-Breed Bison’ list while maintaining a Neutral rating and $220 price target on the stock. The company benefits from digitization, which is “especially pertinent” as warehouse labor retention grows increasingly difficul, the analyst tells investors in a research note. Manhattan Associates is also the undisputed highest-performance supply chain software in the global market today, DA Davidson added.