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Stifel Maintains Buy on Manhattan Associates, Raises Price Target to $225
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Baird Maintains Outperform on Manhattan Associates, Raises Price Target to $260
Shares of software companies are trading higher after B of A Securities raised its price targets on several stocks. The analyst attributed the raise to a combination of strong earnings, accelerated growth across several names and a re-rating of valuations as concerns about AI-related disruption ease.