Citi analyst George Kurosawa lowered the firm’s price target on Manhattan Associates to $220 from $260 and keeps a Neutral rating on the shares post the Q1 report. While still likely light of elevated expectations, the currency headwind on remaining performance obligations is masking strength, the analyst tells investors in a research note. The firm believes Manhattan’s new products resonating.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MANH: