Manhattan Associates price target raised to $310 from $275 at Truist

Truist analyst Terry Tillman raised the firm’s price target on Manhattan Associates to $310 from $275 and keeps a Buy rating on the shares. The firm’s research suggests that the company’s positioning as strategic supplier of choice for some of the largest transformation projects is strengthening, the analyst tells investors in a research note. Larger point-of sale opportunities and the just-released supply chain planning product also bodes well for layering on additional revenue and cloud bookings growth for the company, Truist added.