Craig-Hallum upgraded Upland Software (UPLD) to Buy from Hold with an unchanged price target of $3.50. The company’s Q2 results were inline with expectations and its core businesses are positioned for accelerating sales growth, the analyst tells investors in a research note. The firm believes that following divestments, Upland will see margin expansion and trades at a compelling free cash flow yield. Hallum sees the shares benefitting as management reengages with the Street.
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Read More on UPLD:
- Upland Software upgraded to Buy from Hold at Craig-Hallum
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