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Fly News Breaks for June 28, 2016
VG
Jun 28, 2016 | 10:02 EDT
Needham analyst Richard Valera raised Vonage's price target to $8 to reflect improved peer multiples, as well as the recent, surprisingly successful IPO of Twilio (TWLO), the nearest competitor to Vonage's recently acquired Nexmo. Valera has a Buy rating on Vonage shares.
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