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Fly News Breaks for June 19, 2019
CARB
Jun 19, 2019 | 09:20 EDT
Northland analyst Tim Klasell upgraded Carbonite to Outperform from Market Perform with an unchanged price target of $35. In a research note to investors, Klasell said that after visiting with management, he believes Carbonite is set up for a "nice" second half of the year and has increasing conviction in the numbers and his price target. The analyst notes that Webroot is being run as a separate division, and that the consumer portion should be "less of a drag" on corporate average growth.
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