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Fly News Breaks for August 6, 2019
EVBG
Aug 6, 2019 | 07:53 EDT
Raymond James analyst Brian Peterson raised his price target for Everbridge to $100 from $82 and reiterated an Outperform rating following better than expected second quarter results. In a research note to investors, Peterson says that while he agrees that quarterly billings variances can cause overreactions, he thinks that the nearly 20 point deceleration in TTM billings is more than investors expected, but says he heard nothing to change his positive fundamental stance on shares.
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