Fly News Breaks for February 2, 2016
ININ
Feb 2, 2016 | 08:24 EDT
After Interactive Intelligence reported stronger than expected results, RBC Capital expects the stock to advance given what it sees as previous negative sentiment towards the name. The firm thinks the company's PureCloud strategy could enable it to beat expectations in fiscal 2016. RBC cut its price target on the name to $30 from $34 but keeps an Outperform rating.
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