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Fly News Breaks for August 1, 2018
AKAM
Aug 1, 2018 | 06:07 EDT
Deutsche Bank analyst Vijay Bhagavath downgraded Akamai Technologies to Hold and lowered his price target for the shares to $80 from $90. The analyst reduced his estimates following Akamai's Q2 results and cites fundamentals for the downgrade. He believes the stock will be range-bound given the lack of margin and sales catalysts into fiscal 2019.
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