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Fly News Breaks for August 2, 2016
ININ
Aug 2, 2016 | 08:45 EDT
Roth Capital analyst Richard Baldry raised his price target for Interactive Intelligence to $67 from $58 after the company reported better-than-expected Q2 revenues, with growth balanced across recurring and on premise segments. The analyst believes investors should begin to give the company "greater credit" for successfully managing its Cloud transition. He reiterates a Buy rating on the shares.
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