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Fly News Breaks for November 18, 2019
JCOM
Nov 18, 2019 | 06:04 EDT
Piper Jaffray analyst James Fish initiated coverage of j2 Global with an Overweight rating and $114 price target. The company's acquisition-first strategy drives "robust" return on invested capital and has led to a "snowball effect" within its own business, Fish tells investors in a research note. Further, "despite naysayers," j2 does grow sales organically, adds the analyst. He believes the company's sum-of-the-parts "suggests multiple expansion and an exciting risk-reward."
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