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Fly News Breaks for November 9, 2017
PEGA
Nov 9, 2017 | 07:25 EDT
Wedbush analyst Steve Koenig acknowledges that Pegasystems' big Q4 bookings miss is "frustrating," but remains constructive on this 34-year-old software upstart with a growing presence in enterprise CRM and digital transformation initiatives. Further his checks with large integrators point to growing momentum for Pegasystems as one of the top two companies on enterprise CRM short lists. The analyst reiterates an Outperform rating and $66 price target on the shares, while noting that he would use any weakness as a buying opportunity.
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