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Needham & Company Raises Price Target on Exa (EXA) Following 2Q Earnings Report

Needham & Company reiterated a Buy rating on Exa Corporation (NASDAQ: EXA), and raised the price target to $16.50 (from $15.00), following the company's 2Q earnings report. Revenues came in at $17.1M, slightly below the Street's $17.3M estimate and at the low end of guidance. Non-GAAP loss totaled $0.02, better... More