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Fly News Breaks for July 27, 2018
LOGM
Jul 27, 2018 | 09:18 EDT
As reported previously, Baird analyst William Power downgraded LogMeIn to Neutral from Outperform. The analyst said Q2 results were solid but the full year guidance was lowered due to increasing weakness in its core collaboration segment. Power, who admitted to under-appreciating the competitive challenges in the GoTo collaboration segment, lowered his price target to $100 from $145 on LogMeIn shares.
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