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Fly News Breaks for March 8, 2016
SYKE
Mar 8, 2016 | 07:42 EDT
Craig-Hallumanalyst Mike Malouf upgraded Sykes to Buy and raised his price target to $34 from $31. The analyst believes the ClearLink acquisition will be accretive to existing shareholders given the low borrowing rate and growing revenue base and earnings. Malouf believes ClearLink could act as a catalyst for revenue growth and margin expansion over the medium term.
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