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Fly News Breaks for October 28, 2015
AKAM
Oct 28, 2015 | 07:29 EDT
Cowen downgraded Akamai to Market Perform and lowered its price target to $70 from $75 on shares. Analyst Colby Synesael said Akamai reported in-line Q3 results but Q4 guidance was well below expectations due to lower than expected traffic growth from its three largest customers. Synesael said there is no visibility or confidence on when trends will improve and views risk/reward as less attractive.
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