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Fly News Breaks for February 4, 2020
Feb 4, 2020 | 09:35 EDT
SunTrust analyst Terry Tillman raised his price target on RingCentral (RNG) to $225 and kept his Buy rating after attending the Avaya (AVYA) Engage 2020 conference in Phoenix. The analyst is positive on the Avaya CloudOffice UCaaS solution powered by RingCentral, which he expects to generate greater sales engagement with upside potential for several hundred millions of dollars in 2021 and beyond.