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Fly News Breaks for November 8, 2017
VG
Nov 8, 2017 | 05:06 EDT
Citi analyst Michael Rollins raised his price target for Vonage Holdings to $11 citing an improved outlook following the company's Q3 results. The quarter shows execution of the company's strategic plan to generate cash from Consumer while investing in Business is on track, Rollins tells investors in a post-earnings research note. He says the stock at current levels remains at a significant valuation discount to UCaaS and CPaaS peers. The analyst keeps a Buy rating on Vonage.
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