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Dropbox price target raised to $31 from $30 at UBS

UBS analyst Taylor McGinnis raised the firm’s price target on Dropbox (DBX) to $31 from $30 and keeps a Neutral rating on the shares. Dropbox’s Q1 print was better than feared despite growth that is still under pressure and headwinds, the analyst tells investors in a research note. The firm remains on the sidelines.

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