Overview
Centaur Investments is raising the price target to $69 from $60 and offers a “strong buy” opinion on shares of Manhattan Associates Inc. (MANH). Among the factors motivating this positive outlook, is an upgraded outlook for U.S. retail, following continued record measures of consumer confidence. Additionally, significant interest is building around omnichannel retail software solutions, and there is renewed interest from investors for retail shopping malls.
For evidence of this, readers could turn to CBRE Group (NYSE:CBRE) affiliate, CBRE Global Investors’ recent 49% stake acquisition of three shopping