Fly News Breaks for November 7, 2019
Nov 7, 2019 | 06:26 EDT
Citi analyst Michael Rollins lowered his price target for Vonage Holdings to $12.50 from $16 after the company's Q3 results came in below expectations and it lowered guidance for Business Revenue growth and adjusted OIBDA. The analyst, however, remains a buyer of the shares and keeps a Buy rating on the name. He believes Vonage's "value gap supports future upside."
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