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Fly News Breaks for June 27, 2018
TWLO
Jun 27, 2018 | 14:57 EDT
MUFG analyst Stephen Bersey said Twilio's newly launched partner program, Build, should have a material effect on the growth of Flex, though he does not expect Build to drive a material increase in deployment of the company's core messaging APIs. After adjusting his estimates given his view of the improved growth prospects for the Flex initiative, Bersey raised his price target on Twilio shares to $59 and reiterated an Overweight rating.
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