Manhattan Associates price target raised to $200 from $195 at DA Davidson

DA Davidson analyst Gil Luria raised the firm’s price target on Manhattan Associates (MANH) to $200 from $195 and keeps a Buy rating on the shares. The company delivered a “better than feared” Q1 performance, and while there was a lack of incremental customer delays which pressured the Services outlook last quarter, Manhattan’s commentary was highly cautious, the analyst tells investors in a research note. The firm adds that the management’s buyback activity is driving “meaningful impact” to EPS accretion.