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Fly News Breaks for October 1, 2018
LOGM
Oct 1, 2018 | 07:37 EDT
As previously reported, Oppenheimer analyst Shaul Eyal upgraded LogMeIn to Outperform from Perform, with a $105 price target. In light of a soft 1H18 performance, the analyst views the company's recent retention concerns as gradually stabilizing per his industry checks. Further, he believes LogMeIn's position in the highly competitive UCaas and Enterprise Collaboration arenas is largely intact despite the recent emergence of newcomers.
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