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Fly News Breaks for February 3, 2020
PEGA
Feb 3, 2020 | 05:47 EDT
KeyBanc analyst Steve Enders initiated coverage of Pegasystems with an Overweight rating and $106 price target. The copay is reaching an inflection point with its cloud and subscriber software initiatives that should lead to reaccelerating revenue growth and margin expansion over the next few years, Enders tells investors in a research note. He believes this dynamic is being underappreciated by investors.
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