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Fly News Breaks for September 19, 2019
VG
Sep 19, 2019 | 06:44 EDT
Morgan Stanley analyst Meta Marshall started Vonage Holdings with an Equal Weight rating and $15 price target. The analyst believes Vonage has done an "excellent job" building a full unified communications platform over the past five years. However, expectations need to be reset on margins and EBITDA growth in order for the shares to see meaningful appreciation, Marshall tells investors in a research note.
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