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Fly News Breaks for October 20, 2015
LOGM
Oct 20, 2015 | 07:14 EDT
Stephens analyst Jonathan Ruykhaver thinks LogMeIn's increasing Collaboration Cloud traction, successful price increases and strong renewal rates can drive its Q3 results to beat consensus expectations. The analyst maintains an Overweight rating on the shares ahead of earnings and raised his price target to $80 from $72.
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