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Fly News Breaks for November 22, 2016
LOGM
Nov 22, 2016 | 06:35 EDT
Piper Jaffray analyst Gene Munster raised his price target for LogMeln to $120 saying the stock has further upside despite the 30% run-up in shares over the past three months. There is upside potential as the company outperforms on expense synergies and revenue growth accelerates slightly in 2018 versus 2017, Munster tells investors in a research note. He reiterates an Overweight rating on the shares.
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