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Fly News Breaks for September 1, 2015
CEB
Sep 1, 2015 | 07:06 EDT
After Corporate Executive Board cut its guidance due to weak bookings, Stifel thinks that the weak bookings were primarily caused by a lack of sales support. The firm sees this problem as "very fixable," and expects the company's bookings and revenue growth to rebound later this year. Stifel expects the stock to reach its prior levels and it reiterates a $93 price target and Buy rating.
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