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Pegasystems price target raised to $112 from $101 at Rosenblatt

Rosenblatt analyst Blair Abernethy raised the firm’s price target on Pegasystems (PEGA) to $112 from $101 and keeps a Buy rating on the shares following the investor day. The firm marginally increased forecasts, mainly due to the increased momentum of Blueprint and traction with GSI partners that it expects to help drive more workloads over the next year.

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