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Fly News Breaks for September 25, 2017
PRGS
Sep 25, 2017 | 09:42 EDT
Benchmark analyst Mark Schappel says he left a recent meeting with Progress Software activist Praesidium feeling the fund's proposals are "serious, well thought out and compelling." This matter is not going away anytime soon and investors "should be prepared for a long battle," Schappel tells investors in a research note.The analyst thinks Praesidium's advisors would make a welcome addition to Progress Software's board. He keeps a Buy rating on the shares with a $42 price target.
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