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Agilysys initiated with an Outperform at Oppenheimer

Oppenheimer analyst Brian Schwartz initiated coverage of Agilysys with an Outperform rating and $105 price target. Agilysys is one of a few software vendors that provides modern purpose-built solutions with an open architecture targeted at the hospitality industry, the analyst tells investors in a research note. The firm is unaware of any pure play software supplier in hospitality comparable with Agilysys in subscription growth and EBITDA margin, as well as breadth of platform technologies.

Published first on TheFly

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