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Fly News Breaks for August 4, 2016
IL
Aug 4, 2016 | 07:56 EDT
Craig-Hallum analyst Jeff Van Rhee upgraded Intralinks to Buy with a $9 price target saying he underestimated the significant near-term sales hiring and operating leverage and how quickly it would have a positive impact. Intralinks has added 22% more sales capacity since the beginning of the year with an increasingly building pipeline, and is taking costs out of the business at an impressive rate. Van Rhee sees sizable margin, earnings, and cash flow upside versus expectations.
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