Scotiabank raised the firm’s price target on Dynatrace (DT) to $67 from $62 and keeps an Outperform rating on the shares. The firm reiterates its rating on the stock despite results which don’t look great at first glance as the company’s constant-currency new annual recurring revenue declined year-over-year, the analyst tells investors. Scotiabank continues to see Dynatrace as a core “growth at a reasonable price” stock.
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