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Fly News Breaks for November 8, 2016
SNCR
Nov 8, 2016 | 06:06 EDT
JPMorgan analyst Sterling Auty raised his price target for Synchronoss Technologies to $65 saying the company's activation business review would lead to a higher multiple. If the unit is sold, the market will likely assign a higher multiple on the remaining cloud business, Auty tells investors in a post-earnings research note. He keeps an Overweight rating on Synchronoss.
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