Benchmark raises its price target for Blucora (BCOR +3%) to $23 from $20 and reiterates a Buy...
Benchmark raises its price target for Blucora (BCOR +3%) to $23 from $20 and reiterates a Buy rating, believing BCOR's Search and TaxACT business are positioned for continued strong growth with both segments boasting sustainable and growing cash flow. The firm sees operating momentum and a strong balance sheet, and shares remain discounted against Internet peers.
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