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Fly News Breaks for December 16, 2016
BID
Dec 16, 2016 | 08:04 EDT
As previously reported, Cowen analyst Oliver Chen upgraded Sotheby's to Outperform from Market Perform, as he believes the company's transformation under new management is in the early innings and likely to gain momentum next year. Chen, who said better sell-through rates indicate that current demand is healthy, raised his price target on Sotheby's shares to $45 from $38.
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