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Fly News Breaks for April 24, 2015
AWAY
Apr 24, 2015 | 09:14 EDT
Raymond James downgraded HomeAway to Outperform and lowered its price target to $35 from $40 following lowered 2015 revenue and EBITDA guidance, a slower pay-per-booking revenue ramp, and the retirement of co-founder Carl Shephard and resignation of COO Brent Bellm. The firm remains positive on HomeAway long-term and views the company as an attractive takeover target.
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