DA Davidson raised the company’s price target price in brazing (BRZE) to $33 from $30 and maintains a Buy rating on the stock. The stock rose about 20% post-earnings, responding to strong fourth-quarter results and an inaugural $100 million buyback program, the analyst tells investors in a research note. The company’s organic revenue growth also accelerated from 22% to 24%, driven by strong deal velocity and continued displacement from legacy marketing cloud providers, the firm added.
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