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Fly News Breaks for February 15, 2019
BCOR
Feb 15, 2019 | 10:57 EDT
Barrington analyst Alexander Paris believes Blucora is oversold following yesterday's 15% post-earnings decline. The analyst lowered his price target for the shares to $36 from $40 and reiterates an Overweight rating on the name. At current levels, Blucora is trading at 2.5 times 2019 revenue estimates, a discount to its Tax Prep peer group, says Paris.
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