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Fly News Breaks for April 6, 2018
LOGM
Apr 6, 2018 | 05:31 EDT
KeyBanc analyst Alex Kurtz started LogMeln with an Overweight rating and $135 price target. The analyst believes the current valuation provides an attractive entry point. Investors should own the shares ahead of gains in sales force productivity and monetization of cross-selling opportunities, Kurtz tells investors in a research note. He believes cross-selling opportunities among LogMeln's 2.3M customer base is still early and that the current free cash flow yield is attractive.
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