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Fly News Breaks for April 27, 2018
LOGM
Apr 27, 2018 | 08:31 EDT
Baird analyst William Power noted LogMeIn sold off following Q1 results as its guidance commentary included a cut to EBITDA due to higher depreciation and interest expense. The analyst said the stand-alone business appears to be performing well and the free cash flow outlook remains strong. Power said he would use the weakness in LogMeIn as a buying opportunity and reiterated his Outperform rating and $145 price target on the shares.
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