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Fly News Breaks for August 1, 2016
PRO
Aug 1, 2016 | 09:21 EDT
Needham analyst Scott Berg raised his price target for PROS to $22 from $15 on valuation ahead of quarterly results. While the analyst expects in-line Q2 revenue and EPS, he believes the company's recent improved sales execution can drive upside to current ACV bookings assumptions with demand trends that remain favorable. Needham has a Buy rating on the shares.
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