Box price target raised to $34 from $31 at UBS

UBS analyst Taylor McGinnis raised the firm’s price target on Box to $34 from $31 and keeps a Buy rating on the shares following a Q2 report that the firm called “solid across the board.” An acceleration in both billings and cRPO were areas of outperformance and although the comparisons in billings/bookings were easier in Q2, the results “did seem to suggest better execution overall,” the analyst tells investors in a post-earnings note.