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Fly News Breaks for May 31, 2018
BOX
May 31, 2018 | 07:46 EDT
As previously reported, Rosenblatt downgraded Box to Neutral from Buy. Analyst Marshall Senk said recent share strength is likely attributed to enthusiasm around Box's AI driven product cycle, which he does not believe will impact results until Q4 of this year at the earliest. Given shares have passed through Senk's $25 price target and management reiterated on the call that this year is more back-end loaded, the analyst lowered his rating on shares.
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