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Fly News Breaks for December 13, 2017
RNG
Dec 13, 2017 | 09:02 EDT
SunTrust analyst Terry Tillman says he is "as confident as ever" that RingCentral will maintain a "solid-to-strong revenue growth and consistent improvement in operating margins and cash flow" after investor meetings with the management. Tillman keeps his Buy rating and $50 price target, adding that the company's international opportunities represent notable upside drivers for 2018 and 2019, while also citing progress for RingCentral in building out its channel partnerships as a "growing source of new bookings".
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