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Deutsche Bank: Elliott-Induced Upside At Qlik Already Baked In Stock Price

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Shares of Qlik Technologies Inc QLIK have been on an uptrend since mid-February. Deutsche Bank’s Karl Keirstead downgraded the rating for the company from Buy to Hold, while maintaining the price target at $30.

Shares Surge

Qlik Technologies’ shares have gained 70 percent from their mid-February lows, and are up 20 percent since...