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Fly News Breaks for June 1, 2017
PLT
Jun 1, 2017 | 07:23 EDT
JPMorgan analyst Paul Coster upgraded Plantronics to Overweight and raised his price target for the shares to $63 from $59. The analyst finds the economic cycle "broadly supportive" of the company's business and he likes the current valuation multiple of the shares. Further, Coster notes that Plantronics CEO "seemed constructive" at his firm's recent conference.
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