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Fly News Breaks for May 2, 2017
BSFT
May 2, 2017 | 08:45 EDT
Cowen analyst Paul Silverstein said any pullback in BroadSoft following Q1 results is a buying opportunity that should be taken advantage of. He said it remains a leading franchise in a strong growth market, with a valuation that appears to be discounting in a broken business model. Silverstein lowered his price target to $51 from $54 on BroadSoft shares but reiterated his Outperform rating.
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