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Fly News Breaks for June 11, 2015
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Jun 11, 2015 | 08:44 EDT
After NetSuite announced that it had closed its acquisition of Bronto, DA Davidson notes that NetSuite's stock has underperformed NASDAQ since the company reported its Q1 results. The firm thinks that the overhang should dissipate once the Street fully incorporates the dilution from the acquisition, potentially enabling NetSuite's stock to rebound in 2H15. The firm reiterates a $130 price target and Buy rating on NetSuite.
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