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Fly News Breaks for December 11, 2017
PRO
Dec 11, 2017 | 08:10 EDT
Needham analyst Scott Berg upgraded PROS to Strong Buy from Buy with a price target of $35. Berg cites his channel checks which highlight a strong B2B Ecommerce end-market while also noting that the company is emerging from the "trough phases" of its cloud transition. The analyst says PROS is looking at a multi-year acceleration in revenue growth, adding that he perceives some upside if Cloud conversions materialize faster than expected.
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