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Fly News Breaks for April 11, 2017
BSFT
Apr 11, 2017 | 08:03 EDT
Baird analyst William Power initiated BroadSoft with a Neutral rating reflecting its revenue risk due to reliance on widespread carrier distribution. Power is positive on the secular UCaaS growth trends and sees BroadSoft's solid growth and profitability standing out relative to the group but he sees current valuation as fair. Power has a $44 price target on BroadSoft shares.
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