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Fly News Breaks for October 3, 2016
LOGM
Oct 3, 2016 | 06:50 EDT
Barclays analyst Raimo Lenschow upgraded LogMein (LOGM) to Overweight and raised its price target to $105 from $82 saying pending merger with Citrix's (CTXS) divested GoTo assets creates a "great new opportunity." Lenschow believes the cost synergies will be above the guidance range given high overlap and said the addition of Elliott Management to the board bolsters his confidence.
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