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Fly News Breaks for February 28, 2019
FORR
Feb 28, 2019 | 08:23 EDT
Maxim analyst Allen Klee initiated Forrester with a Buy rating and a price target of $62. The analyst believes that the company is well positioned to accelerate its organic growth through its "multi-year transformation that focuses more on revenue-generating research than cost saving. Klee further notes that nearly two thirds of Forrester's revenue is under annual subscription, adding that its "steady" free cash flows should "provide ample capacity for additional acquisitions."
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