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Fly News Breaks for September 6, 2017
BSFT
Sep 6, 2017 | 07:46 EDT
After Reuters reported that BroadSoft had retained a strategic adviser to explore strategic options, Needham analyst Richard Valera says the news "highlights the attractiveness" of the stock "and its "still-reasonable valuation." The analyst thinks that this development "could result in a longer-term re-rating of the shares." He raised his price target on the stock to $55 from $48 and keeps a Buy rating on the name.
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