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Fly News Breaks for December 5, 2019
SEAC
Dec 5, 2019 | 08:53 EDT
Lake Street analyst Jaeson Schmidt upgraded SeaChange to Buy from Hold with a price target of $4.50, up from $2.00. The analyst says he underestimated how quickly the company has improved execution and gained traction with its Framework offering. Following the company's "strong" fiscal Q3 results, the analyst sees a "clearer line of sight" to sustained top and bottom line growth for SeaChange.
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