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Fly News Breaks for February 12, 2016
LOGM
Feb 12, 2016 | 05:59 EDT
Piper Jaffray analyst Gene Munster says the core themes for a LogMeln investment remain intact following the company's Q4 results. LogMeln still plans to double revenue over the next three-to-four years, Munster tells investors in a post-earnings research note. He lowered his price target for the shares to $70 from $94 to "better reflect for the macro environment" and keeps an Overweight rating on the name.
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