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Fly News Breaks for March 10, 2017
LOGM
Mar 10, 2017 | 08:47 EDT
Needham analyst Richard Valera reinstated coverage of LogMeln with a Buy rating and $110 price target as he believes the company has created a scale business that is a leader in a number of SaaS categories and that has over $1B of recurring SaaS revenue, strong cash flow generation and the likelihood of improving margins and top line growth over the next couple of years.
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