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Fly News Breaks for October 26, 2016
RNG
Oct 26, 2016 | 06:29 EDT
JPMorgan analyst Sterling Auty raised his price target for RingCentral to $31 from $27 saying the company reported a "solid" quarter and a "better outlook." The company's September quarter continued to demonstrate consistent 30%-plus growth in subscription, Auty tells investors in a post-earnings research note. He keeps an Overweight rating on the shares.
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