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Fly News Breaks for May 26, 2016
NICE
May 26, 2016 | 07:03 EDT
JMP Securities Greg McDowell upgraded NICE Systems to Outperform with a $78 price target following the company's analyst day. McDowell upgraded shares saying the pending acquisition of inContact (SAAS) may be more accretive to 2017 earnings than investors expect and potentially accelerate revenue growth to 35% next from 8% this year, the 2020 operational excellence plan appears to be tracing ahead of expectations, and topline drivers such as inreased focus on financial crime and compliance, next-generation contact center consolidation, and analytics.
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