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Fly News Breaks for March 1, 2017
EBIX
Mar 1, 2017 | 08:59 EDT
Craig-Hallum analyst Jeff Van Rhee raised his price target for Ebix to $75 from $68 after the company put up "another strong quarter," beating top and bottom line by a wide margin and posting "tremendous" free cash flow. The analyst continues to see a "very long runway" in front of the company to continue running the same playbook. He reiterates a Buy rating on the shares.
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