UPDATE: Compass Point Initiates Coverage of MICROS Systems with Neutral Rating, $50 PT

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In a report published Friday, Compass Point Research & Trading initiated coverage of MICROS Systems (NASDAQ: MCRS) with a Neutral rating and a $50.00 price target.Compass Point noted, “The company has a history of successful products and currently holds little share of a large addressable market. Revenues are expected to double over the FY2011-2016 period from $1B to $2B. However, the favorable prospects appear already priced. Our opinion would be more favorable given the opportunity to own growth at a more reasonable price.”MICROS Systems closed yesterday at $49.50.

Crypto Whales Are Loading Up — Are You?

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