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Fly News Breaks for December 2, 2019
CDLX
Dec 2, 2019 | 08:19 EDT
Craig-Hallum analyst Jason Kreyer initiated coverage of Cardlytics with a Buy rating and $75 price target. In a research note to investors, Kreyer says Carlytics provides a clear value to each of its primary stakeholders -- issuing banks, advertisers and consumers, and its data integrations provides insights advertisers can't get elsewhere. With long-term agreements in place with some of the largest banks in the nation, Kreyer says Cardlytics has built up a substantial and sustainable competitive advantage against potential entrants.
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