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Fly News Breaks for December 5, 2019
Dec 5, 2019 | 08:51 EDT
Needham analyst Ryan MacDonald raised his price target on Verint to $57 and kept his Buy rating, saying that while Q3 revenue missed expectations, the management made a "good decision" to separate its Customer Engagement and Cyber Intelligence businesses. The analyst notes that as each segment navigates a model transition, the separation will "unlock value" in both units, and his new price target is removing the "conglomerate discount" from his valuation model.
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