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Fly News Breaks for February 11, 2020
MIME
Feb 11, 2020 | 05:11 EDT
Jefferies analyst Brent Thill raised his price target for Mimecast to $60 from $57 saying the company largely exceeded fiscal Q3 expectations with 27% constant currency sales growth despite some macro issues. The company's sales guidance for fiscal 2021 implies a deceleration to 18%-20%, which is likely conservative, Thill tells investors in a post-earnings research n note. The stock remains one of his top small cap picks with a Buy rating.
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