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Fly News Breaks for December 29, 2016
BCOR
Dec 29, 2016 | 07:21 EDT
Benchmark analyst Daniel Kurnos says that while Blucora shares are up over 50% year-to-date, the stock has not benefited to the same extent as other financials since President-elect Trump's surprise win. The company is positioned to continue reporting upside surprises, beginning with Q4 results in late January/early February, Kurnos tells investors in a research note. He views interest rate hikes and potential tax code simplification as positives and believes the shares are "intrinsically cheaper than they appear on paper." Kurnos raised his price target for Blucora to $18 from $16 and keeps a Buy rating on the name.
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