UPDATE: Paradigm Capital Upgrades OpenText on Valuation, Multiple Catalysts

In a report published Monday, Paradigm Capital analyst Gabriel Leung upgraded the rating on OpenText Corporation (NASDAQ: OTEX ) from Hold to Buy, and raised the price target from $75.00 to $84.00. In the report, Paradigm Capital noted, “We are upgrading OpenText to a Buy (was Hold) due to valuation,