By: Benzinga
February 15, 2013 at 08:23 AM EST
UPDATE: Wunderlich Securities Downgrades LogMeIn to Hold on Challenging Outlook
In a report published Friday, Wunderlich Securities downgraded LogMeIn (NASDAQ: LOGM ), from Buy to Hold and lowered its price target from $47.00 to $22.00. Wunderlich Securities noted, “LogMeIn, Inc. (LOGM) reported solid 4Q12 results after the close yesterday, with revenues setting another all-time high and earnings moderately ahead of
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