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Fly News Breaks for December 4, 2017
PEGA
Dec 4, 2017 | 19:31 EDT
MUFG analyst Stephen Bersey raised his price target for Pegasystems to $60 after hosting investor meetings with the company's CFO Ken Stillwell. Following the meetings, the analyst has increased conviction in Pegasystems' ability to transition to the cloud and implement salesforce changes. Bersey keeps an Overweight rating on the shares.