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Fly News Breaks for February 13, 2018
T, RNG
Feb 13, 2018 | 09:19 EDT
Morgan Stanley analyst Meta Marshall raised his price target on RingCentral (RNG) to $60 following "another" quarter of accelerating subscription growth, stating that he'd previously missed how fast its "flywheel could spin." However, he keeps an Equal Weight rating on RingCentral shares, citing the stock's valuation and the headwind to growth that the AT&T (T) transition creates.
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