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Fly News Breaks for June 1, 2016
MKTO, CALD
Jun 1, 2016 | 08:44 EDT
Roth Capital analyst Richard Baldry believes yesterday's announcement that Marketo (MKTO) has agreed to be acquired by a private equity firm highlights the attractiveness of the customer relationship management, or CRM, space that Callidus Software (CALD) competes in. The analyst expects well-scaled CRM players to remain "attractive takeover targets" long-term. Baldry reiterates a Buy rating and $26 price target on Callidus' shares.
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