Fly News Breaks for April 18, 2019
Apr 18, 2019 | 06:48 EDT
JPMorgan analyst Paul Coster upgraded Nice (NICE) to Overweight from Neutral and raised his price target for the shares to $150 from $125. The analyst left the company's analyst day "incrementally constructive" regarding its growth prospects. He sees increased revenue visibility and operating leverage as Nice transitions towards the cloud. Further, consensus estimates may be too conservative, Coster tells investors in a research note. The analyst believes the company emerging as a clear leader within the customer experience optimization space. Nonetheless, Coster still prefers shares of Verint (VRNT) "owing to the valuation gap."
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