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Stock Market & Financial Investment News

News Breaks
April 11, 2014
08:54 EDTELLIEllie Mae downgraded to Market Perform from Outperform at FBR Capital
FBR Capital downgraded Ellie Mae to Market Perform citing increasing headwinds for the mortgage market and a lack of positive catalysts. FBR lowered its price target for shares to $29 from $37.
News For ELLI From The Last 14 Days
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March 2, 2015
07:38 EDTELLIJMP Securities to hold a conference
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07:21 EDTELLIEllie Mae outlook has improved, says Oppenheimer
After attending Elli Mae's annual user conference and investor day, Oppenheimer is more confident that the company can maintain an above SaaS-industry average growth trajectory and top-tier SaaS industry profitability margins in 2015 and 2016.. The firm says that origination volumes suggest that the environment has become more favorable for the company's new products and platform sales. It raised its price target on the name to $60 from $55 and keeps an Outperform rating on the shares.

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