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Fly News Breaks for January 21, 2020
AVYA, RNG
Jan 21, 2020 | 05:17 EDT
Goldman Sachs analyst Heather Bellini upgraded RingCentral (RNG) to Buy from Neutral with a price target of $230, up from $189. The analyst sees "continued runway for outperformance" driven by secular growth from unified communications as a service adoption and enterprise traction. Growth drivers, including RingCentral's recently announced partnership with Avaya (AVYA), should drive share upside, Bellini tells investors in a research note. Goldman Sachs this morning also upgraded Avaya to Buy from Neutral.
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