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ALTIUM LIMITED ((ALU)) Upgrade to Hold from Sell by Ord...

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  1. lightning70
    1,290 Posts.
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    25/02/19
    10:40
    Post #: 37553194
    ALTIUM LIMITED ((ALU)) Upgrade to Hold from Sell by Ord Minnett 

    First half results were very strong, supported by perpetual license sales, particularly Altium Designer in China. Ord Minnett found operating leverage clearly evident. The broker notes management's confident outlook regarding the FY20 revenue target of $200m.

    The broker materially upgrades cash flow forecasts and lifts the rating to Hold from Sell. Target is raised to $26.51 from $17.70.
    ALU Price at posting: $34.67 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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