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Fly News Breaks for December 7, 2018
ZEN
Dec 7, 2018 | 07:20 EDT
Wedbush analyst Steve Koenig initiated Zendeck with an Outperform rating and $71 price target. In a research note to investors, Koenig says the company is prospering by bringing simple but functional SaaS offerings for customer engagement to the SMB market, which hasn't been well served by majors and has legacy products ripe for replacement, adding that Zendesk is complementing its strength in customer support for SMBs with a move into the enterprise space and a broader set of CRM offerings.
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