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Fly News Breaks for November 21, 2018
RP
Nov 21, 2018 | 07:23 EDT
As reported earlier, RBC Capital analyst Matthew Hedberg upgraded RealPage to Outperform from Sector Perform and kept his price target at $62. The analyst states that the company recorded one of its better quarters in years and also cites his recent positive takeaways from discussions with its management. After a 31% decline in the stock price, Hedberg also believes that RealPage valuation of 10.9-times enterprise value to expected EBITDA is "opportunistic".
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