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Fly News Breaks for November 10, 2015
BID
Nov 10, 2015 | 08:48 EDT
Cowen lowered its price target on Sotheby's to $35 from $45 as Q3 auction margins declined. The company expects further margin headwinds in Q4 from its Taubman guarantee, noted Cowen, which maintained its Market Perform rating on Sotheby's shares.
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