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Fly News Breaks for August 31, 2016
BRCD
Aug 31, 2016 | 07:20 EDT
After Brocade reported stronger than expected results that nonetheless showed weakness in the company's core business and the stock fell, Argus analyst Jim Kelleher continues to believe that the company's acquisition of Ruckus will help it to significantly accelerate its growth going forward. He keeps a $13 price target on Brocade and reiterates a Buy rating.
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