LogMeln discontinuation of free service an incremental positive, says Maxim Maxim said LogMeIn's decision to stop offering the LogMeIn Free service is as an incremental positive that could potentially drive greater subscription revenue for the company. The firm maintains its Buy rating on the stock.
News For LOGM From The Last 14 Days
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LogMeln price target raised to $53 from $47 at Cowen Cowen raised its price target on LogMeIn to $53 from $47 following what it called "tremendous" Q2 results. The firm cited bookings growth, business momentum, and guidance and keeps its Outperform rating on the stock.