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Fly News Breaks for June 21, 2018
VCRA
Jun 21, 2018 | 05:12 EDT
Piper Jaffray analyst Sean Wieland raised his price target for Vocera to $33 after hosting investor meetings with the company. The company's strategy to expand its value proposition is panning out as deal size is increasing, Wieland tells investors in a research note. He beeves high-teens revenue growth and 40% incremental EBITDA margins warrant a five-times multiple in this market. The analyst keeps an Overweight rating on Vocera.
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