Truist raised the firm’s price target on Manhattan Associates to $240 from $230 and keeps a Buy rating on the shares. The firm’s recent investor call with the company’s SVP of Product Management were highlighted by the discussion of important new features in the Manhattan Active suite of solutions, traction across cloud-based products and conversions from on-prem, and examples of how customers are seeing benefits of unified supply chain solutions and utilize new product enhancements, the analyst tells investors in a research note.
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