Oppenheimer analyst Timothy Horan upgraded RingCentral (RNG) to Outperform from Perform with a $35 price target The company reported a solid Q2 with beats across the board, the analyst tells investors in a research note. The firm now sees RingCentral as a “defensive play with upside potential at an attractive entry point.” The company has significantly improved its service and cost structure, contends Opco.
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