Fly News Breaks for December 10, 2019
Dec 10, 2019 | 06:10 EDT
Piper Jaffray analyst James Fish assumed coverage of LogMeln with an Overweight rating and $86 price target. The analyst sees 2020 as a year in which LogMeln "could get back into the cadence of doing another transformative acquisition." His analysis around the company's sum-of-the-parts and potential takeout valuation suggests that the current valuation of the total company is "very low, and too low to ignore."
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