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Fly News Breaks for October 7, 2019
CARB
Oct 7, 2019 | 16:44 EDT
As previously reported, Jefferies analyst Brent Thill downgraded Carbonite to Hold from Buy, and lowered his price target on shares to $17 from $29. Thill said that while the stock's valuation is "attractive," other factors, including increased competition and a higher risk profile put the analyst "on the sidelines."
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