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Fly News Breaks for October 24, 2017
CSCO, BSFT
Oct 24, 2017 | 08:29 EDT
As previously noted, Needham analyst Richard Valera downgraded BroadSoft to Hold from Buy after the company agreed to be acquired by Cisco (CSCO) yesterday. Valera says the $55 per share price target will be viewed as underwhelming given speculation around the sale, but the 28% premium is not unreasonable. The analyst adds that given the "exhaustive process", a higher bid is not likely.
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
CSCO
Apr 22, 2024 | 12:15 EDT
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