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Fly News Breaks for January 20, 2016
BSFT
Jan 20, 2016 | 06:30 EDT
Wells Fargo analyst Jess Lubert upgraded BroadSoft to Outperform saying the 21% pullback in shares since the November highs likely presents an attractive entry point. Strength in the company's hosted unified communication business should enable a third consecutive year of at least 20% growth in 2016, Lubert tells investors in a research note. The analyst has a $38-$42 price target range for the shares.
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