Overlooked Stock: Upgrade Sends OTEX to 52-Week High
Welcome back to Market on Close. I'm Sam Bartis live on the floor of the New York Stock Exchange. Shares of Open Text hit a 16 months high after Scotia Bank upgraded the stock to outperform and raised its price target to $50 from 35.Shares have now risen over 35% this year. So, it is now time for overlooked stocks and I'm very pleased to say we are joined by Alex Coffee, host of NextGen Investing for a look at Open Tech and exactly why it's up and what the analysts are saying. Alex.Yeah, good uh good aftern ...