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Fly News Breaks for March 21, 2019
AGYS
Mar 21, 2019 | 08:40 EDT
Maxim analyst Allen Klee raised his price target on Agilysys to $25 and kept his Buy rating, citing the company's mix shift to a more profitable business producing higher EBITDA and margins in FY20 thanks to its "greater recurring revenue from SaaS offerings". The analyst also believes that Agilysys continues to gain momentum, also "benefiting from efficiencies and improved productivity from its Indian development center."
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