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Fly News Breaks for July 13, 2017
RNG
Jul 13, 2017 | 08:13 EDT
Oppenheimer analyst Brian Schwartz raised his price target for RingCentral to $45 from $33 on valuation. The analyst thinks investors need to own RingCentral shares for the long haul because of an attractive open-ended growth opportunity and increasing profit margins. He reiterates an Outperform rating on the shares.
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