Macquarie upgraded Unity (U) to Outperform from Neutral with a price target of $50, up from $33. The company reported a Q3 beat as Vector continues to improve, the analyst tells investors in a research note. The firm says Unity is seeing broad-based performance gains as its execution has been solid. Macquarie now has greater confidence in the company’s long-term growth opportunity driving increased free cash flow and operating leverage.
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