UPDATE: LogMeIn (LOGM) Rated Sell at Off Wall Street; Sees Saturated Market, Unsustainable Gains
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
Cowen Upgrades LogMeIn (LOGM) to Outperform
July 11, 2014 7:54 AM EDTCowen upgraded LogMeIn (NASDAQ: LOGM) from Market Perform to Outperform with a price target of $47.00.
For an analyst ratings summary and ratings history on LogMeIn click here. For more ratings news on LogMeIn click here.
Shares of LogMeIn closed at $39.95 yesterday.
... MoreLogMeIn (LOGM) Responds to Off Wall Street in Blog
July 9, 2014 10:39 AM EDTIn light of a recent report that came out with a short thesis on LogMeIn (Nasdaq: LOGM), we would like to highlight the following six points:
1. LogMeIn has been gaining IT management customers, not losing them in recent quarters.
2. LogMeIn... More