Information Provided By:
Fly News Breaks for July 26, 2017
CHGG
Jul 26, 2017 | 08:58 EDT
Lake Street analyst Eric Martinuzzi downgraded Chegg to Hold citing valuation with the shares up 93% year-to-date. The analyst raised his price target for the shares to $14 from $12 citing last night's "solid" beat and raise quarter, but believes the company's "executional margin of error has gotten much smaller" at current share levels.